News headlines about Selective Insurance Group (NASDAQ:SIGI) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Selective Insurance Group earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 45.7737459593464 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Selective Insurance Group opened at $58.20 on Monday, MarketBeat.com reports. Selective Insurance Group has a 12-month low of $46.28 and a 12-month high of $62.40. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.05 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.30 and a quick ratio of 0.30.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.08). Selective Insurance Group had a net margin of 5.50% and a return on equity of 9.58%. The company had revenue of $626.70 million during the quarter, compared to analyst estimates of $642.35 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Selective Insurance Group will post 3.4 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Monday, May 14th. Selective Insurance Group’s payout ratio is presently 23.15%.
SIGI has been the subject of a number of research reports. BidaskClub raised Selective Insurance Group from a “buy” rating to a “strong-buy” rating in a report on Friday, March 30th. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, March 30th. Finally, ValuEngine downgraded Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.00.
In other news, Director J Brian Thebault sold 16,923 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $59.16, for a total transaction of $1,001,164.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael H. Lanza sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $55.99, for a total value of $503,910.00. The disclosure for this sale can be found here. Insiders sold 45,811 shares of company stock valued at $2,617,902 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
Selective Insurance Group 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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