Selective Insurance Group (SIGI) Getting Somewhat Favorable Press Coverage, Report Finds

Headlines about Selective Insurance Group (NASDAQ:SIGI) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Selective Insurance Group earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.7437445162275 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

SIGI has been the subject of several recent research reports. Boenning Scattergood reissued a “hold” rating on shares of Selective Insurance Group in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 14th. Royal Bank of Canada reissued a “hold” rating and issued a $59.00 target price on shares of Selective Insurance Group in a research report on Friday, December 8th. BidaskClub downgraded shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods set a $55.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Sunday, October 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Selective Insurance Group currently has an average rating of “Hold” and a consensus target price of $54.13.

Shares of Selective Insurance Group (NASDAQ SIGI) opened at $57.75 on Wednesday. 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 has a 1 year low of $38.50 and a 1 year high of $62.40. The company has a market cap of $3,350.00, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.45.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The business had revenue of $621.30 million during the quarter, compared to analysts’ expectations of $625.80 million. During the same period in the previous year, the company earned $0.66 earnings per share. Selective Insurance Group’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts predict that Selective Insurance Group will post 3.08 EPS for the current fiscal year.

In other news, Director John Burville sold 600 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $59.10, for a total value of $35,460.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul D. Bauer sold 28,840 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $61.14, for a total transaction of $1,763,277.60. The disclosure for this sale can be found here. Insiders sold 45,375 shares of company stock valued at $2,740,784 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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