Press coverage about Selective Insurance (NASDAQ:SIGI) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Selective Insurance earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.2311677387433 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
A number of brokerages recently issued reports on SIGI. Zacks Investment Research raised Selective Insurance from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday, March 30th. ValuEngine raised Selective Insurance from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised Selective Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Keefe, Bruyette & Woods set a $62.00 price target on Selective Insurance and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Sandler O’Neill reissued a “hold” rating and set a $61.00 price target on shares of Selective Insurance in a research note on Friday. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Selective Insurance currently has a consensus rating of “Hold” and a consensus target price of $62.50.
Shares of SIGI stock opened at $59.45 on Monday. Selective Insurance has a 52-week low of $44.65 and a 52-week high of $62.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $3,492.39, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.
Selective Insurance (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.06. Selective Insurance had a return on equity of 11.11% and a net margin of 6.83%. The firm had revenue of $633.70 million during the quarter, compared to analyst estimates of $632.30 million. During the same period last year, the company earned $0.75 EPS. Selective Insurance’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts expect that Selective Insurance will post 3.88 EPS for the current year.
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Selective Insurance Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.
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