Headlines about Selective Insurance Group (NASDAQ:SIGI) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Selective Insurance Group earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.8879140312146 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Trenton YMCA receives grant (nj.com)
- A.M. Best Affirms Credit Ratings of Selective Insurance Group, Inc. and Its Subsidiaries (finance.yahoo.com)
- Mitchell Insurance Agency Proudly Supports Project Self-Sufficiency (patch.com)
- Selective Insurance Group, Inc. (NASDAQ:SIGI) Experiences Heavier than Usual Trading Volume (highlightpress.com)
- Selective Insurance Group, Inc. (SIGI) Upgraded to “Hold” by Zacks Investment Research (americanbankingnews.com)
Selective Insurance Group (NASDAQ SIGI) opened at 48.60 on Monday. The stock has a market capitalization of $2.84 billion, a PE ratio of 16.93 and a beta of 1.44. The stock’s 50 day moving average price is $50.38 and its 200-day moving average price is $49.19. Selective Insurance Group has a 52-week low of $34.95 and a 52-week high of $53.75.
Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The company had revenue of $614.50 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Selective Insurance Group will post $3.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Selective Insurance Group’s payout ratio is 22.22%.
A number of research analysts have recently weighed in on the company. BidaskClub raised Selective Insurance Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 price objective on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Selective Insurance Group currently has a consensus rating of “Hold” and an average price target of $47.73.
In other Selective Insurance Group news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $50.81, for a total transaction of $33,788.65. Following the transaction, the director now owns 15,177 shares in the company, valued at $771,143.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Morrissey sold 2,483 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $50.46, for a total value of $125,292.18. The disclosure for this sale can be found here. Insiders have sold 4,148 shares of company stock worth $210,141 in the last quarter. 3.00% of the stock is currently owned by company insiders.
Selective Insurance Group Company Profile
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.
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