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

Selective Insurance Group (NASDAQ:SIGI) will be issuing its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $1.68 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Thursday, July 18th. The insurance provider reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($2.59). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Selective Insurance Group had a return on equity of 8.75% and a net margin of 5.12%. During the same quarter last year, the company posted $0.99 earnings per share. 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 Stock Down 0.2 %

Shares of NASDAQ:SIGI opened at $98.68 on Friday. The company has a fifty day moving average of $91.17 and a 200-day moving average of $93.88. The company has a market capitalization of $6.00 billion, a PE ratio of 17.43, a price-to-earnings-growth 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. Selective Insurance Group has a 52-week low of $81.00 and a 52-week high of $109.58.

Wall Street Analyst Weigh In

SIGI has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $104.00 to $99.00 in a report on Monday, July 22nd. Piper Sandler lowered their price target on shares of Selective Insurance Group from $104.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada lowered their price target on shares of Selective Insurance Group from $103.00 to $96.00 and set a “sector perform” rating for the company in a report on Monday, July 22nd. BMO Capital Markets increased their price objective on Selective Insurance Group from $92.00 to $95.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.50.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, CEO John J. Marchioni purchased 2,400 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was purchased 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 owns 136,397 shares in the company, valued at approximately $11,397,333.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Selective Insurance Group news, CEO John J. Marchioni purchased 2,400 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was purchased 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 owns 136,397 shares in the company, valued at approximately $11,397,333.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Terrence W. Cavanaugh purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were acquired at an average price of $85.85 per share, with a total value of $171,700.00. Following the completion of the acquisition, the director now owns 20,651 shares in the company, valued at approximately $1,772,888.35. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

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.