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

Selective Insurance Group (NASDAQ:SIGI) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Selective Insurance Group to post earnings of $1.68 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Thursday, July 18th. The insurance provider reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($2.59). Selective Insurance Group had a return on equity of 8.75% and a net margin of 5.12%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.99 EPS. On average, analysts expect Selective Insurance Group to post $4 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Selective Insurance Group Price Performance

Shares of NASDAQ SIGI opened at $98.68 on Friday. Selective Insurance Group has a fifty-two week low of $81.00 and a fifty-two week high of $109.58. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 0.32. The firm’s 50-day simple moving average is $91.17 and its 200 day simple moving average is $93.88.

Analyst Ratings Changes

SIGI has been the topic of several recent research reports. Bank of America raised their price target on shares of Selective Insurance Group from $89.00 to $96.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Selective Insurance Group from $92.00 to $95.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $104.00 to $99.00 in a research report on Monday, July 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of Selective Insurance Group from $103.00 to $96.00 and set a “sector perform” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.50.

Insider Transactions at Selective Insurance Group

In other Selective Insurance Group news, CEO John J. Marchioni bought 2,400 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of $83.56 per share, for a total transaction of $200,544.00. Following the purchase, the chief executive officer now directly owns 136,397 shares of the company’s stock, valued at approximately $11,397,333.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Terrence W. Cavanaugh purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average price of $85.85 per share, with a total value of $171,700.00. Following the acquisition, the director now owns 20,651 shares of the company’s stock, valued at $1,772,888.35. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John J. Marchioni purchased 2,400 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was bought at an average cost of $83.56 per share, for a total transaction of $200,544.00. Following the acquisition, the chief executive officer now directly owns 136,397 shares in the company, valued at $11,397,333.32. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Selective Insurance Group Company Profile

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.