Selective Insurance Group (SIGI) announced its earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02. The company’s quarterly revenue was up 1.6% on a year-over-year basis.
On the ratings front, analysts at Macquarie initiated coverage on shares of Selective Insurance Group in a research note to investors on Wednesday, January 11st. They set a “neutral” rating on the stock. Also, analysts at Zacks Investment Research upgraded shares of Selective Insurance Group from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 14th.
Shares of Selective Insurance Group (SIGI) remained flat at $18.20 during during mid-day trading trading on Thursday. Selective Insurance Group (SIGI) has a one year low of $12.10 and a one year high of $18.97. The stock’s 50-day moving average is $17.87 and its 200-day moving average is $15.73. The company has a market cap of $986.8 million and a P/E ratio of 36.77.
Selective Insurance Group, Inc. is a holding company of seven insurance subsidiaries. The Company, through its subsidiaries, offers property and casualty insurance products and services in the East and Midwest of the United States. The Company operates through two segments: Insurance Operations, which sells property and casualty insurance policies and products, and Investment Operations, which invests the premiums collected by the Insurance Operations. During the year ended December 31, 2009, the Company realigned its federal flood insurance administrative services (Flood) business into Insurance Operations. In addition, in 2009, the Company disposed of Selective HR, which comprised its HR Outsourcing segment.
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