Selective Insurance Group (NASDAQ:SIGI – Get Free Report) announced its quarterly earnings data on Monday. The insurance provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29), Briefing.com reports. Selective Insurance Group had a net margin of 5.12% and a return on equity of 8.75%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.51 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis.
Selective Insurance Group Price Performance
SIGI stock traded up $1.99 during trading on Wednesday, hitting $95.31. 793,250 shares of the stock traded hands, compared to its average volume of 353,289. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.62 and a beta of 0.56. Selective Insurance Group has a one year low of $81.00 and a one year high of $109.58. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $91.53 and a 200 day simple moving average of $93.67.
Selective Insurance Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.35. Selective Insurance Group’s dividend payout ratio (DPR) is 38.25%.
Wall Street Analyst Weigh In
View Our Latest Report on SIGI
About Selective Insurance Group
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.
See Also
- Five stocks we like better than Selective Insurance Group
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Profitably Trade Stocks at 52-Week Highs
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Top Biotech Stocks: Exploring Innovation Opportunities
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
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.