A number of other equities analysts have also recently weighed in on SIGI. Zacks Investment Research cut shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Selective Insurance Group has a consensus rating of “Hold” and a consensus target price of $65.33.
Shares of NASDAQ SIGI opened at $71.00 on Tuesday. The firm has a market cap of $4.16 billion, a PE ratio of 19.40, a PEG ratio of 1.59 and a beta of 0.99. Selective Insurance Group has a twelve month low of $54.60 and a twelve month high of $72.60. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $697.30 million. Selective Insurance Group had a return on equity of 13.72% and a net margin of 8.32%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, equities analysts anticipate that Selective Insurance Group will post 4.16 earnings per share for the current fiscal year.
In related news, CEO Gregory E. Murphy sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $66.25, for a total value of $331,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cynthia S. Nicholson sold 11,775 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $70.93, for a total transaction of $835,200.75. The disclosure for this sale can be found here. Insiders sold a total of 38,803 shares of company stock worth $2,665,611 over the last ninety days. 2.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its stake in Selective Insurance Group by 224.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 457 shares of the insurance provider’s stock valued at $28,000 after buying an additional 316 shares during the last quarter. Sageworth Trust Co acquired a new stake in Selective Insurance Group in the 1st quarter valued at $33,000. Private Capital Group LLC increased its stake in Selective Insurance Group by 55.5% in the 4th quarter. Private Capital Group LLC now owns 1,056 shares of the insurance provider’s stock valued at $64,000 after buying an additional 377 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Selective Insurance Group by 442.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,118 shares of the insurance provider’s stock valued at $67,000 after buying an additional 912 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in Selective Insurance Group in the 1st quarter valued at $88,000. 79.70% of the stock is currently owned by institutional investors and hedge funds.
About Selective Insurance Group
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, Excess and Surplus 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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