Selective Insurance Group, Inc. (NASDAQ:SIGI) Expected to Announce Earnings of $1.45 Per Share

Equities analysts forecast that Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce $1.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Selective Insurance Group’s earnings. The lowest EPS estimate is $1.38 and the highest is $1.60. Selective Insurance Group posted earnings per share of $1.84 in the same quarter last year, which indicates a negative year-over-year growth rate of 21.2%. The company is expected to announce its next earnings report on Thursday, January 27th.

On average, analysts expect that Selective Insurance Group will report full year earnings of $6.17 per share for the current year, with EPS estimates ranging from $6.10 to $6.32. For the next fiscal year, analysts expect that the firm will report earnings of $5.70 per share, with EPS estimates ranging from $5.55 to $6.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Selective Insurance Group.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Wednesday, October 27th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. Selective Insurance Group had a net margin of 12.99% and a return on equity of 15.32%. The company had revenue of $865.00 million for the quarter, compared to the consensus estimate of $839.39 million. During the same quarter in the prior year, the company earned $1.06 EPS. Selective Insurance Group’s quarterly revenue was up 11.4% on a year-over-year basis.

In related news, Director Gregory E. Murphy sold 22,759 shares of the stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $79.66, for a total value of $1,812,981.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Morrissey sold 6,000 shares of the stock in a transaction on Monday, December 6th. The shares were sold at an average price of $79.18, for a total value of $475,080.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,561 shares of company stock worth $2,913,392. Insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in shares of Selective Insurance Group by 76.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,551,557 shares of the insurance provider’s stock worth $125,909,000 after acquiring an additional 674,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Selective Insurance Group by 10.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,007,159 shares of the insurance provider’s stock worth $244,031,000 after acquiring an additional 284,402 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Selective Insurance Group by 15.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,701,724 shares of the insurance provider’s stock worth $128,531,000 after acquiring an additional 228,502 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Selective Insurance Group by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,641,481 shares of the insurance provider’s stock worth $457,806,000 after acquiring an additional 131,849 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Selective Insurance Group by 19.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 714,053 shares of the insurance provider’s stock worth $53,933,000 after acquiring an additional 115,995 shares during the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

Selective Insurance Group stock traded down $0.30 during mid-day trading on Friday, hitting $79.59. The company had a trading volume of 109,231 shares, compared to its average volume of 201,260. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.18. Selective Insurance Group has a 12-month low of $62.81 and a 12-month high of $91.46. The company’s fifty day moving average is $79.45 and its 200-day moving average is $79.52. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.98 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, November 12th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.25. Selective Insurance Group’s dividend payout ratio is currently 15.93%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies.

Further Reading: Mutual Funds

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