Media headlines about Selective Insurance Group (NASDAQ:SIGI) have trended positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Selective Insurance Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.5184959915691 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of analysts recently commented on the company. Keefe, Bruyette & Woods set a $55.00 price target on Selective Insurance Group and gave the stock a “hold” rating in a research note on Sunday, October 29th. Boenning Scattergood reaffirmed a “hold” rating on shares of Selective Insurance Group in a research note on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and set a $50.00 price objective on shares of Selective Insurance Group in a research report on Tuesday, October 3rd. Zacks Investment Research raised Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Wednesday, December 13th. Finally, BidaskClub lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $54.13.
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up $0.50 during trading hours on Friday, hitting $59.00. The stock had a trading volume of 222,800 shares, compared to its average volume of 159,950. Selective Insurance Group has a 1 year low of $38.50 and a 1 year high of $62.40. The company has a market capitalization of $3,480.00, a P/E ratio of 19.60, a PEG ratio of 1.32 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.
Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.62 by $0.10. Selective Insurance Group had a return on equity of 11.00% and a net margin of 7.36%. The company had revenue of $621.30 million during the quarter, compared to the consensus estimate of $625.80 million. During the same period last year, the company earned $0.66 EPS. Selective Insurance Group’s revenue for the quarter was up 6.8% on a year-over-year basis. analysts expect that Selective Insurance Group will post 3.08 EPS for the current year.
In other Selective Insurance Group news, Director Paul D. Bauer sold 28,840 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $61.14, for a total value of $1,763,277.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Burville sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $58.53, for a total value of $117,060.00. Following the completion of the transaction, the director now directly owns 82,898 shares in the company, valued at $4,852,019.94. The disclosure for this sale can be found here. Insiders sold a total of 45,375 shares of company stock valued at $2,740,784 over the last quarter. 3.00% of the stock is owned by corporate insiders.
About Selective Insurance Group
Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.
Receive News & Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.