Selective Insurance Group (SIGI) Receives Media Sentiment Score of 0.24
News articles about Selective Insurance Group (NASDAQ:SIGI) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news 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 positive one, with scores closest to one being the most favorable. Selective Insurance Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 44.5061370524299 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Selective Insurance Group Announces Officer Appointments (finance.yahoo.com)
- Selective Insurance Group (SIGI) Names Thomas A. McCarthy to Board (streetinsider.com)
- Zacks Investment Research Upgrades Selective Insurance Group (SIGI) to “Buy” (americanbankingnews.com)
- Reviewing First Financial (THFF) & Selective Insurance Group (SIGI) (americanbankingnews.com)
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up $1.15 on Friday, hitting $59.55. 1,270,000 shares of the stock were exchanged, compared to its average volume of 158,291. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3,550.00, a price-to-earnings ratio of 19.40, a PEG ratio of 1.55 and a beta of 1.45. Selective Insurance Group has a twelve month low of $38.50 and a twelve month high of $62.40.
Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10. The business had revenue of $621.30 million for the quarter, compared to analyst estimates of $625.80 million. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. analysts expect that Selective Insurance Group will post 3.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. Selective Insurance Group’s dividend payout ratio (DPR) is 23.92%.
Several brokerages have commented on SIGI. Keefe, Bruyette & Woods set a $55.00 price target on shares of Selective Insurance Group and gave the company a “hold” rating in a research note on Sunday, October 29th. Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of Selective Insurance Group in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $54.13.
In other news, Director Paul D. Bauer sold 28,840 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $61.14, for a total transaction of $1,763,277.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Burville sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $58.53, for a total transaction of $117,060.00. Following the transaction, the director now owns 82,898 shares in the company, valued at $4,852,019.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,375 shares of company stock worth $2,740,784. Insiders own 3.00% of the company’s stock.
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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