Selective Insurance Group, Inc. (NASDAQ:SIGI) Plans Quarterly Dividend of $0.48

Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 16th will be paid a dividend of $0.48 per share by the insurance provider on Tuesday, December 1st. This represents a $1.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 16th. This is a 11.6% increase from Selective Insurance Group’s previous quarterly dividend of $0.43.

Selective Insurance Group has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 11 years. Selective Insurance Group has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Selective Insurance Group to earn $8.74 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.7%.

Selective Insurance Group Stock Performance

Selective Insurance Group stock opened at $91.74 on Friday. The stock’s 50-day moving average is $88.83 and its 200-day moving average is $89.76. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 11.44 and a beta of 0.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. Selective Insurance Group has a 12 month low of $72.78 and a 12 month high of $100.40.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.46. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%. During the same quarter in the previous year, the business earned $1.85 EPS. Equities analysts anticipate that Selective Insurance Group will post 8.20 earnings per share for the current year.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.