Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) have received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $51.33.

Several brokerages have recently commented on SIGI. BidaskClub raised Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of Selective Insurance Group in a research note on Wednesday, July 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Selective Insurance Group in a research note on Thursday, July 27th. ValuEngine lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Selective Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.

Shares of Selective Insurance Group (NASDAQ SIGI) traded down $1.25 during trading hours on Thursday, reaching $58.55. The company’s stock had a trading volume of 214,221 shares, compared to its average volume of 142,820. 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 cap of $3,418.79, a PE ratio of 19.45, a P/E/G ratio of 1.56 and a beta of 1.46. Selective Insurance Group has a 12 month low of $35.55 and a 12 month high of $60.50.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.72 annualized dividend and a yield of 1.23%. Selective Insurance Group’s dividend payout ratio is presently 21.26%.

WARNING: “Selective Insurance Group, Inc. (SIGI) Receives $51.33 Consensus PT from Analysts” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/05/selective-insurance-group-inc-sigi-receives-51-33-consensus-pt-from-analysts.html.

In related news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.81, for a total transaction of $33,788.65. Following the transaction, the director now owns 15,177 shares of the company’s stock, valued at approximately $771,143.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of SIGI. UBS Asset Management Americas Inc. raised its position in Selective Insurance Group by 65.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,384 shares of the insurance provider’s stock valued at $1,763,000 after purchasing an additional 14,758 shares in the last quarter. Teachers Advisors LLC raised its position in Selective Insurance Group by 3.2% in the 1st quarter. Teachers Advisors LLC now owns 97,284 shares of the insurance provider’s stock valued at $4,587,000 after purchasing an additional 3,009 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Selective Insurance Group by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 5,215,069 shares of the insurance provider’s stock valued at $245,891,000 after acquiring an additional 317,023 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Selective Insurance Group by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 622,190 shares of the insurance provider’s stock valued at $29,336,000 after acquiring an additional 24,490 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Selective Insurance Group by 54,172.3% in the 1st quarter. BlackRock Inc. now owns 7,425,534 shares of the insurance provider’s stock valued at $350,112,000 after acquiring an additional 7,411,852 shares during the last quarter. 77.65% of the stock is currently owned by institutional investors.

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.

Receive News & Stock Ratings for Selective Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group Inc. and related stocks with our FREE daily email newsletter.