Selective Insurance Group Expected to Earn Q1 2020 Earnings of $0.88 Per Share (SIGI)

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Selective Insurance Group (NASDAQ:SIGI) – Equities researchers at Boenning Scattergood issued their Q1 2020 earnings per share (EPS) estimates for shares of Selective Insurance Group in a report released on Tuesday, January 22nd. Boenning Scattergood analyst R. Farnam expects that the insurance provider will post earnings per share of $0.88 for the quarter. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Selective Insurance Group’s Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.06 EPS and Q4 2020 earnings at $1.07 EPS.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.10. Selective Insurance Group had a return on equity of 11.62% and a net margin of 6.34%. The business had revenue of $666.70 million during the quarter, compared to analysts’ expectations of $665.10 million.

Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. ValuEngine upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Zacks Investment Research reiterated a “hold” rating on shares of Selective Insurance Group in a report on Thursday, November 15th. JMP Securities started coverage on Selective Insurance Group in a research note on Friday, November 16th. They issued a “market perform” rating for the company. Finally, Buckingham Research started coverage on Selective Insurance Group in a research note on Friday, December 14th. They issued a “neutral” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $62.40.

NASDAQ SIGI opened at $61.14 on Wednesday. Selective Insurance Group has a fifty-two week low of $53.55 and a fifty-two week high of $67.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09.

In other news, Director Paul D. Bauer sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $64.40, for a total value of $161,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Csenge Advisory Group purchased a new position in Selective Insurance Group during the third quarter valued at $56,000. FMR LLC purchased a new position in Selective Insurance Group during the third quarter valued at $114,000. Paloma Partners Management Co purchased a new position in Selective Insurance Group during the third quarter valued at $213,000. McQueen Ball & Associates Inc. purchased a new position in Selective Insurance Group during the third quarter valued at $219,000. Finally, Private Advisor Group LLC purchased a new position in Selective Insurance Group during the third quarter valued at $276,000. Institutional investors own 78.39% of the company’s stock.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.

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Earnings History and Estimates for Selective Insurance Group (NASDAQ:SIGI)

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