Selective Insurance Group (SIGI) Given Daily News Sentiment Score of 0.14
Press coverage about Selective Insurance Group (NASDAQ:SIGI) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Selective Insurance Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 43.4142063320469 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Michael J. Morrissey Sells 1,875 Shares of Selective Insurance Group (SIGI) Stock (americanbankingnews.com)
- Form 4 SELECTIVE INSURANCE GROU For: Nov 27 Filed by: RUE WILLIAM M (streetinsider.com)
- ETFs with exposure to Selective Insurance Group, Inc. : November 27, 2017 (finance.yahoo.com)
- Selective Insurance Group (SIGI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up $1.25 during trading hours on Wednesday, reaching $61.70. The company had a trading volume of 106,800 shares, compared to its average volume of 221,292. Selective Insurance Group has a 52 week low of $38.50 and a 52 week high of $62.15. The stock has a market cap of $3,468.45, a P/E ratio of 19.73, a PEG ratio of 1.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $625.80 million. During the same quarter in the previous year, the business earned $0.66 EPS. Selective Insurance Group’s revenue was up 6.8% compared to the same quarter last year. equities research analysts anticipate that Selective Insurance Group will post 3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, November 14th. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.16. Selective Insurance Group’s payout ratio is currently 23.92%.
A number of research analysts recently issued reports on SIGI shares. BidaskClub downgraded Selective Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “hold” rating and set a $55.00 price target on shares of Selective Insurance Group in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods set a $48.00 price target on Selective Insurance Group and gave the company a “hold” rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.91.
In other Selective Insurance Group news, Director John Burville sold 6,000 shares of Selective Insurance Group stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $59.00, for a total transaction of $354,000.00. Following the sale, the director now directly owns 59,898 shares of the company’s stock, valued at approximately $3,533,982. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Morrissey sold 1,875 shares of Selective Insurance Group stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $61.47, for a total value of $115,256.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,200 shares of company stock worth $1,011,295. Insiders own 3.00% of the company’s stock.
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.
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