Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Free Report) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $98.71.
Several research firms have weighed in on SIGI. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. Morgan Stanley lowered their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th.
View Our Latest Research Report on SIGI
Institutional Investors Weigh In On Selective Insurance Group
Selective Insurance Group Stock Down 0.9 %
Shares of SIGI stock opened at $85.10 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50-day moving average is $87.95 and its 200-day moving average is $92.00. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 26.43 and a beta of 0.54. Selective Insurance Group has a 52-week low of $78.13 and a 52-week high of $109.58.
Selective Insurance Group (NASDAQ:SIGI – Get Free Report) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. Sell-side analysts predict that Selective Insurance Group will post 7.62 EPS for the current year.
Selective Insurance Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.79%. Selective Insurance Group’s payout ratio is 47.20%.
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.
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