Selective Insurance Group (SIGI) Scheduled to Post Quarterly Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.88 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Selective Insurance Group had a return on equity of 14.43% and a net margin of 8.57%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts expect Selective Insurance Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Selective Insurance Group Stock Performance

SIGI opened at $101.40 on Tuesday. The company has a market cap of $6.16 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 0.74 and a beta of 0.55. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $103.65 and its 200-day moving average price is $102.75. Selective Insurance Group has a 52-week low of $91.99 and a 52-week high of $109.58.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.38%. Selective Insurance Group’s payout ratio is 24.01%.

Insider Activity

In related news, COO Brenda M. Hall sold 2,626 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $105.88, for a total transaction of $278,040.88. Following the transaction, the chief operating officer now owns 10,511 shares of the company’s stock, valued at approximately $1,112,904.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and set a $104.00 price objective on shares of Selective Insurance Group in a report on Monday, April 1st. Keefe, Bruyette & Woods dropped their price target on Selective Insurance Group from $111.00 to $109.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 6th. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research note on Monday, April 15th. Royal Bank of Canada dropped their target price on Selective Insurance Group from $108.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Oppenheimer reissued an “outperform” rating and set a $120.00 price target on shares of Selective Insurance Group in a research report on Friday, April 5th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.17.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.