Selective Insurance Group, Inc. (SIGI) To Go Ex-Dividend on November 14th
Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.18 per share by the insurance provider on Friday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.16.
Selective Insurance Group (SIGI) opened at $58.30 on Monday. Selective Insurance Group has a 12-month low of $38.50 and a 12-month high of $60.50. The stock has a market cap of $3,404.22, a P/E ratio of 19.37, a PEG ratio of 1.55 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The business had revenue of $621.30 million for the quarter, compared to analyst estimates of $625.80 million. During the same period in the prior year, the business posted $0.66 earnings per share. Selective Insurance Group’s revenue was up 6.8% compared to the same quarter last year. research analysts anticipate that Selective Insurance Group will post 3.08 EPS for the current fiscal year.
SIGI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a report on Friday, October 27th. Royal Bank Of Canada restated a “hold” rating and issued a $50.00 price objective on shares of Selective Insurance Group in a report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $49.91.
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In other Selective Insurance Group news, Director Michael J. Morrissey sold 665 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $50.81, for a total value of $33,788.65. Following the completion of the sale, the director now owns 15,177 shares of the company’s stock, valued at $771,143.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Burville sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $59.10, for a total transaction of $35,460.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.
About Selective Insurance Group
Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.
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