Media headlines about Selective Insurance Group (NASDAQ:SIGI) have been trending positive on Saturday, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Selective Insurance Group earned a coverage optimism score of 0.44 on AlphaOne’s scale. AlphaOne also assigned media coverage about the insurance provider an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
Shares of Selective Insurance Group (NASDAQ:SIGI) traded down 0.20% during mid-day trading on Friday, hitting $50.80. The stock had a trading volume of 141,288 shares. Selective Insurance Group has a 12 month low of $34.56 and a 12 month high of $53.75. The stock has a market cap of $2.96 billion, a P/E ratio of 18.81 and a beta of 1.29. The firm has a 50 day moving average price of $47.70 and a 200-day moving average price of $43.57.
Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, April 26th. The insurance provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. The company earned $600.50 million during the quarter, compared to analysts’ expectations of $608.40 million. Selective Insurance Group had a return on equity of 10.55% and a net margin of 6.94%. Selective Insurance Group’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. On average, equities research analysts forecast that Selective Insurance Group will post $3.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 11th. Selective Insurance Group’s dividend payout ratio is presently 23.70%.
A number of brokerages have recently commented on SIGI. Keefe, Bruyette & Woods reissued a “hold” rating and set a $48.00 price target on shares of Selective Insurance Group in a research note on Tuesday. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, April 13th. Boenning Scattergood began coverage on Selective Insurance Group in a research note on Thursday, March 2nd. They set a “neutral” rating and a $45.65 price target on the stock. Finally, Sandler O’Neill began coverage on Selective Insurance Group in a research note on Monday, January 23rd. They set a “hold” rating and a $44.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.93.
In related news, Director Cynthia S. Nicholson sold 6,900 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $43.00, for a total transaction of $296,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Brian Thebault sold 2,888 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $43.18, for a total value of $124,703.84. The disclosure for this sale can be found here. Insiders have sold a total of 33,642 shares of company stock valued at $1,567,774 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
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.