Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and 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, as well as flood insurance products. It also invests in fixed income investments and commercial mortgage loans, as well as equity securities and alternative investment portfolio. The company offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.
Selective Insurance Group Stock Up 1.5 %
SIGI Stock opened at $81.66 on Monday. The firm has a market cap of $4.93 billion, a PE ratio of 19.12, a PEG ratio of 2.75 and a beta of 0.63. Selective Insurance Group has a 1 year low of $66.81 and a 1 year high of $94.35. The company has a fifty day simple moving average of $81.02 and a 200 day simple moving average of $81.81. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.
Selective Insurance Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, August 12th. Selective Insurance Group's payout ratio is 26.23%.
Wall Street Analyst Weigh In
Separately, Morgan Stanley initiated coverage on Selective Insurance Group in a research report on Monday, June 27th. They issued an "overweight" rating and a $98.00 target price on the stock.