Selective Insurance Group (NASDAQ:SIGI) Getting Positive Press ...
Selective Insurance Group (NASDAQ:SIGI) Getting Positive Press Coverage, Study Finds Posted by Rob Logan on Jan 5th, 2018 // Media coverage a…
Selective Insurance Group (NASDAQ:SIGI) Getting Positive Press Coverage, Study Finds
Posted by Rob Logan on Jan 5th, 2018 //
Media coverage about Selective Insurance Group (NASDAQ:SIGI) has been trending positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.26 on Accern̢۪s scale. Accern also gav e news headlines about the insurance provider an impact score of 46.5184959915691 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock̢۪s share price in the near future.
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up $0.80 during trading on Thursday, hitting $57.50. 88,780 shares of the company were exchanged, compared to its average volume of 148,067. The firm has a market cap of $3,354.59, a PE ratio of 19.10, a P/E/G ratio of 1.32 and a beta of 1.45. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a 1-year low of $38.50 and a 1-year high of $62.40.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.10. The firm had revenue of $621.30 millio n during the quarter, compared to analysts̢۪ expectations of $625.80 million. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The company̢۪s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. equities analysts predict that Selective Insurance Group will post 3.08 EPS for the current year.
SIGI has been the subject of several recent research reports. Zacks Investment Research raised shares of Selective Insurance Group from a “sell†rating to a “hold†rating in a research note on Wednesday, September 27th. Royal Bank of Canada restated a “hold†rating and set a $50.00 price target on shares of Selective Insurance Group in a report on Tuesday, October 3rd. Boenning Scattergood reiterated a “hold†rating on shares of Selective Insurance Group in a research note on Friday, October 27th. Keefe, Bruyette & amp; Woods set a $55.00 price objective on shares of Selective Insurance Group and gave the company a “hold†rating in a research note on Sunday, October 29th. Finally, BidaskClub downgraded shares of Selective Insurance Group from a “buy†rating to a “hold†rating in a research report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Selective Insurance Group presently has an average rating of “Hold†and an average price target of $54.13.
In related news, 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 transaction of $115,256.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Burville sold 2,000 shares of the firm̢۪s 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 sale, 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. Insiders sold a total of 45,375 shares of company stock worth $2,740,784 in the last ninety days. Insiders own 3.00% of the company̢۪s stock.
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Selective Insurance Group Company Profile
Selective Insurance Group, Inc is a hold ing 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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