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Tuesday, January 18, 2022

Selective Insurance coverage Group, Inc. (NASDAQ:SIGI) Anticipated to Announce Earnings of $1.45 Per Share

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Equities analysts forecast that Selective Insurance coverage Group, Inc. (NASDAQ:SIGI) will announce $1.45 earnings per share (EPS) for the present fiscal quarter, in keeping with Zacks. Two analysts have supplied estimates for Selective Insurance coverage Group’s earnings. The bottom EPS estimate is $1.38 and the very best is $1.60. Selective Insurance coverage Group posted earnings per share of $1.84 in the identical quarter final 12 months, which signifies a unfavorable year-over-year progress price of 21.2%. The corporate is predicted to announce its subsequent earnings report on Thursday, January twenty seventh.

On common, analysts anticipate that Selective Insurance coverage Group will report full 12 months earnings of $6.17 per share for the present 12 months, with EPS estimates starting from $6.10 to $6.32. For the subsequent fiscal 12 months, analysts anticipate that the agency will report earnings of $5.70 per share, with EPS estimates starting from $5.55 to $6.00. Zacks’ EPS calculations are a imply common primarily based on a survey of analysis companies that that present protection for Selective Insurance coverage Group.

Selective Insurance coverage Group (NASDAQ:SIGI) final issued its quarterly earnings outcomes on Wednesday, October twenty seventh. The insurance coverage supplier reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. Selective Insurance coverage Group had a web margin of 12.99% and a return on fairness of 15.32%. The corporate had income of $865.00 million for the quarter, in comparison with the consensus estimate of $839.39 million. Throughout the identical quarter within the prior 12 months, the corporate earned $1.06 EPS. Selective Insurance coverage Group’s quarterly income was up 11.4% on a year-over-year foundation.

In associated information, Director Gregory E. Murphy bought 22,759 shares of the inventory in a transaction on Tuesday, November ninth. The inventory was bought at a mean worth of $79.66, for a complete worth of $1,812,981.94. The transaction was disclosed in a submitting with the Securities & Trade Fee, which could be accessed by means of this hyperlink. Additionally, Director Michael J. Morrissey bought 6,000 shares of the inventory in a transaction on Monday, December sixth. The shares have been bought at a mean worth of $79.18, for a complete worth of $475,080.00. The disclosure for this sale could be discovered right here. Within the final 90 days, insiders bought 36,561 shares of firm inventory value $2,913,392. Insiders personal 2.00% of the corporate’s inventory.

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Hedge funds and different institutional buyers have not too long ago purchased and bought shares of the inventory. Franklin Assets Inc. elevated its stake in shares of Selective Insurance coverage Group by 76.8% within the 2nd quarter. Franklin Assets Inc. now owns 1,551,557 shares of the insurance coverage supplier’s inventory value $125,909,000 after buying a further 674,000 shares over the past quarter. Value T Rowe Associates Inc. MD elevated its stake in shares of Selective Insurance coverage Group by 10.4% within the 2nd quarter. Value T Rowe Associates Inc. MD now owns 3,007,159 shares of the insurance coverage supplier’s inventory value $244,031,000 after buying a further 284,402 shares over the past quarter. Alliancebernstein L.P. elevated its stake in shares of Selective Insurance coverage Group by 15.5% within the third quarter. Alliancebernstein L.P. now owns 1,701,724 shares of the insurance coverage supplier’s inventory value $128,531,000 after buying a further 228,502 shares over the past quarter. Vanguard Group Inc. elevated its stake in shares of Selective Insurance coverage Group by 2.4% within the 2nd quarter. Vanguard Group Inc. now owns 5,641,481 shares of the insurance coverage supplier’s inventory value $457,806,000 after buying a further 131,849 shares over the past quarter. Lastly, Vaughan Nelson Funding Administration L.P. elevated its stake in shares of Selective Insurance coverage Group by 19.4% within the third quarter. Vaughan Nelson Funding Administration L.P. now owns 714,053 shares of the insurance coverage supplier’s inventory value $53,933,000 after buying a further 115,995 shares over the past quarter. 81.09% of the inventory is owned by hedge funds and different institutional buyers.

Selective Insurance coverage Group inventory traded down $0.30 throughout mid-day buying and selling on Friday, hitting $79.59. The corporate had a buying and selling quantity of 109,231 shares, in comparison with its common quantity of 201,260. The corporate has a present ratio of 0.32, a fast ratio of 0.32 and a debt-to-equity ratio of 0.18. Selective Insurance coverage Group has a 12-month low of $62.81 and a 12-month excessive of $91.46. The corporate’s fifty day transferring common is $79.45 and its 200-day transferring common is $79.52. The corporate has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.98 and a beta of 0.83.

The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of file on Monday, November fifteenth got a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, November twelfth. This can be a constructive change from Selective Insurance coverage Group’s earlier quarterly dividend of $0.25. Selective Insurance coverage Group’s dividend payout ratio is at present 15.93%.

Selective Insurance coverage Group Firm Profile

Selective Insurance coverage Group, Inc offers property and casualty insurance coverage merchandise. It operates by means of the next segments: Commonplace Industrial Traces, Commonplace Private Traces, E&S Traces, and Investments. The Commonplace Industrial Traces phase provides insurance coverage services to industrial clients, resembling non-profit organizations and native authorities businesses.

Additional Studying: Mutual Funds

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Earnings History and Estimates for Selective Insurance Group (NASDAQ:SIGI)

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]

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