Selective Insurance coverage Group (NASDAQ:SIGI – Get Ranking) is scheduled to be releasing its earnings information after the market closes on Thursday, February 2nd. Analysts anticipate Selective Insurance coverage Group to publish earnings of $1.40 per share for the quarter. Individuals which can be interested by registering for the corporate’s earnings convention name can achieve this utilizing this hyperlink.
Selective Insurance coverage Group (NASDAQ:SIGI – Get Ranking) final launched its earnings outcomes on Wednesday, November 2nd. The insurance coverage supplier reported $0.99 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.16 by ($0.17). Selective Insurance coverage Group had a web margin of 6.76% and a return on fairness of 12.79%. The enterprise had income of $920.70 million for the quarter, in comparison with analysts’ expectations of $908.21 million. On common, analysts anticipate Selective Insurance coverage Group to publish $5 EPS for the present fiscal 12 months and $6 EPS for the following fiscal 12 months.
Selective Insurance coverage Group Value Efficiency
SIGI inventory opened at $93.51 on Thursday. The agency has a 50 day transferring common value of $91.58 and a 200-day transferring common value of $86.97. Selective Insurance coverage Group has a 52-week low of $66.81 and a 52-week excessive of $98.80. The agency has a market capitalization of $5.64 billion, a price-to-earnings ratio of 24.94, a PEG ratio of two.15 and a beta of 0.62. The corporate has a debt-to-equity ratio of 0.23, a fast ratio of 0.30 and a present ratio of 0.30.
Selective Insurance coverage Group Will increase Dividend
The corporate additionally just lately declared a quarterly dividend, which was paid on Thursday, December 1st. Traders of report on Tuesday, November fifteenth got a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.28%. This is a rise from Selective Insurance coverage Group’s earlier quarterly dividend of $0.28. Selective Insurance coverage Group’s dividend payout ratio (DPR) is 32.00%.
Wall Road Analysts Forecast Progress
A number of brokerages just lately weighed in on SIGI. Piper Sandler raised their value goal on shares of Selective Insurance coverage Group from $88.00 to $91.00 in a analysis report on Tuesday, January tenth. Morgan Stanley raised their value goal on shares of Selective Insurance coverage Group from $98.00 to $105.00 and gave the corporate an “obese” ranking in a analysis report on Tuesday, November twenty second. StockNews.com started protection on shares of Selective Insurance coverage Group in a analysis report on Wednesday, October twelfth. They set a “maintain” ranking for the corporate. Janney Montgomery Scott started protection on shares of Selective Insurance coverage Group in a analysis report on Friday, November eleventh. They set a “impartial” ranking and a $96.00 value goal for the corporate. Lastly, BMO Capital Markets assumed protection on shares of Selective Insurance coverage Group in a analysis report on Thursday, January nineteenth. They set a “market carry out” ranking and a $90.00 value goal for the corporate.
Insiders Place Their Bets
In different Selective Insurance coverage Group information, Director John Burville bought 2,652 shares of Selective Insurance coverage Group inventory in a transaction that occurred on Tuesday, November twenty ninth. The shares had been bought at a median value of $95.52, for a complete worth of $253,319.04. Following the completion of the sale, the director now owns 83,649 shares of the corporate’s inventory, valued at roughly $7,990,152.48. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC web site. In different Selective Insurance coverage Group information, Director John Burville bought 2,652 shares of Selective Insurance coverage Group inventory in a transaction that occurred on Tuesday, November twenty ninth. The shares had been bought at a median value of $95.52, for a complete worth of $253,319.04. Following the completion of the sale, the director now owns 83,649 shares of the corporate’s inventory, valued at roughly $7,990,152.48. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC web site. Additionally, COO Brenda M. Corridor bought 2,813 shares of Selective Insurance coverage Group inventory in a transaction that occurred on Monday, November twenty eighth. The inventory was bought at a median value of $95.11, for a complete transaction of $267,544.43. Following the completion of the sale, the chief working officer now straight owns 18,650 shares of the corporate’s inventory, valued at roughly $1,773,801.50. The disclosure for this sale could be discovered right here. Within the final quarter, insiders bought 8,734 shares of firm inventory valued at $825,796. Firm insiders personal 2.00% of the corporate’s inventory.
Institutional Inflows and Outflows
A number of institutional traders and hedge funds have just lately modified their holdings of SIGI. Covestor Ltd boosted its stake in shares of Selective Insurance coverage Group by 37.3% throughout the 1st quarter. Covestor Ltd now owns 747 shares of the insurance coverage supplier’s inventory value $67,000 after buying a further 203 shares over the last quarter. Non-public Advisor Group LLC bought a brand new place in shares of Selective Insurance coverage Group throughout the 1st quarter value $201,000. Proficio Capital Companions LLC bought a brand new place in shares of Selective Insurance coverage Group throughout the 1st quarter value $230,000. Verition Fund Administration LLC boosted its stake in shares of Selective Insurance coverage Group by 7.9% throughout the 1st quarter. Verition Fund Administration LLC now owns 2,780 shares of the insurance coverage supplier’s inventory value $248,000 after buying a further 204 shares over the last quarter. Lastly, Neuberger Berman Group LLC bought a brand new place in shares of Selective Insurance coverage Group throughout the third quarter value $284,000. Hedge funds and different institutional traders personal 83.85% of the corporate’s inventory.
About Selective Insurance coverage Group
(Get Ranking)
Selective Insurance coverage Group, Inc offers property and casualty insurance coverage merchandise. It operates via the next segments: Normal Industrial Traces, Normal Private Traces, E&S Traces, and Investments. The Normal Industrial Traces section provides insurance coverage services to business prospects, similar to non-profit organizations and native authorities businesses.
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