Selective Insurance Group (SIGI) Projected to Post Quarterly Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Selective Insurance Group to post earnings of $1.95 per share and revenue of $1.30 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. On average, analysts expect Selective Insurance Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Selective Insurance Group Stock Up 0.9 %

NASDAQ:SIGI traded up $0.76 during midday trading on Friday, hitting $89.66. 284,115 shares of the company were exchanged, compared to its average volume of 385,518. Selective Insurance Group has a fifty-two week low of $78.13 and a fifty-two week high of $104.67. The company has a market capitalization of $5.45 billion, a PE ratio of 27.84 and a beta of 0.45. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $86.27 and a 200 day simple moving average of $91.41.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) is currently 47.20%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SIGI shares. JMP Securities restated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Morgan Stanley dropped their price objective on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $95.17.

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.