The opinion of the company Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Votes) announced a dividend on Wednesday, August 3rd, Zacks reports. Investors of record on Monday, August 15th will be given a dividend of 0.28 per share by the insurance provider on Thursday, September 1st. The company paid $1.12 per share last time and the annual yield was 1.45%. The latest date for the share price is Friday, August 12.
Selective Insurance Group has an interest rate of 17.5% meaning that its salary is fully covered by dividends. Analysts expect Selective Insurance Group to earn $6.51 per share next year, which means the company should continue to post its annual earnings of $1.12 with a future growth rate of 17.2%.
Selective Insurance Group Up 2.0%
NASDAQ:SIGI traded up $1.50 during mid-day trading on Friday, reaching $77.20. The company’s stock had 3,242 shares, compared to its volume of 397,551. Selective Insurance Group has a one year low of $66.81 and a one year high of $94.35. The stock has a fifty day moving average of $80.99 and a 200 day moving average of $81.70. The company has a market capitalization of $4.66 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 3.88 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt ratio of 0.20.
Selective Insurance Group (NASDAQ:SIGI – Get Votes) last released its quarterly earnings results on Wednesday, May 4th. The insurance provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. The business had revenue of $846.10 million for the quarter, compared to analyst estimates of $883.09 million. Selective Insurance Group had a margin of 7.73% and a return of 12.26%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.70 per share. Equities research analysts predict that Selective Insurance Group will post 5.59 earnings per share for the year.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley assumed coverage on shares of Selective Insurance Group in a research report on Monday, June 27th. They set an “overweight” rating and a $98.00 target price for the company.
Institutional Trading of Selective Insurance Group
Several hedge funds have recently changed their SIGIs. Jane Street Group LLC raised its position in shares of Selective Insurance Group by 46.8% in the first quarter. Jane Street Group LLC now owns 8,264 shares of the insurance company’s stock valued at $738,000 after purchasing an additional 2,635 shares during the last quarter. Eaton Vance Management lifted its position in shares of Selective Insurance Group by 27.0% in the first quarter. Eaton Vance Management Co. now owns 998,842 shares of the insurance company’s stock valued at $89,256,000 after purchasing an additional 212,085 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Selective Insurance Group by 48.0% in the first quarter. Guggenheim Capital LLC now owns 5,021 shares of the insurance company’s stock valued at $448,000 after purchasing an additional 1,629 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Selective Insurance Group by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 859,367 shares of the insurance company’s stock valued at $76,793,000 after buying an additional 26,553 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Selective Insurance Group by 32.9% in the first quarter. Captrust Financial Advisors now owns 6,514 shares of the insurance company’s stock valued at $582,000 after buying an additional 1,613 shares during the last quarter. 81.37% of the stock is owned by hedge funds and other institutional investors.
Profile of Selective Insurance Group Company
Selective Insurance Group, Inc., together with its subsidiaries, provides insurance and services in the United States. It operates in four divisions: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company provides property insurance, which covers the financial consequences of accidental damage to the insured’s real property, personal property, and/or profits due to loss of property; and personal injury insurance that covers the financial consequences of injury to employees during the course of work, bodily injury and/or property damage to a third party, and flood insurance.
Real-time news alerts are powered by scientific technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat editors prior to publication. Please send questions or comments about this article to firstname.lastname@example.org.
Should you invest $1,000 in Selective Insurance Group right now?
Before you consider Selective Insurance Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s most popular and best performing analysts and the stocks they recommend to their clients every day. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the big market crashes … and Selective Insurance Group wasn’t on the list.
Although Selective Insurance Group currently has a “Buy” rating among analysts, most analysts believe these five stocks are good buys.
See 5 stocks here