Media stories about Selective Insurance Group (NASDAQ:SIGI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Selective Insurance Group earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 46.0157406395547 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have recently issued reports on SIGI shares. ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reissued a “hold” rating and set a $59.00 price target on shares of Selective Insurance Group in a report on Friday, December 8th. Keefe, Bruyette & Woods set a $62.00 price objective on shares of Selective Insurance Group and gave the company a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Thursday. Finally, BidaskClub cut shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Selective Insurance Group has a consensus rating of “Hold” and an average target price of $63.33.
Shares of Selective Insurance Group (NASDAQ:SIGI) opened at $58.25 on Monday. Selective Insurance Group has a one year low of $44.65 and a one year high of $62.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3,420.32, a PE ratio of 20.44, a P/E/G ratio of 0.85 and a beta of 1.34.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, February 14th. Selective Insurance Group’s dividend payout ratio is currently 25.26%.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Selective Insurance Group (SIGI) Share Price” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3300707/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-selective-insurance-group-sigi-share-price.html.
About Selective Insurance Group
Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.
Receive News & Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.