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

Selective Insurance Group (NASDAQ:SIGI) is scheduled to be posting 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. Investors that wish to listen to the company’s conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI) last released 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). Selective Insurance Group had a net margin of 5.12% and a return on equity of 8.75%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business posted $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 Stock Performance

Shares of Selective Insurance Group stock opened at $98.68 on Friday. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.58 and a beta of 0.56. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.19. Selective Insurance Group has a twelve month low of $81.00 and a twelve month high of $109.58. The company’s fifty day moving average is $90.91 and its 200 day moving average is $94.02.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on Selective Insurance Group from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Bank of America raised their price objective on shares of Selective Insurance Group from $89.00 to $96.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets boosted their target price 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. Royal Bank of Canada reduced 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. Finally, JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.50.

Insider Activity

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

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.