News stories about Selective Insurance Group (NASDAQ:SIGI) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 47.4770802324687 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of analysts recently commented on SIGI shares. Zacks Investment Research upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank of Canada restated a “hold” rating and set a $50.00 target price on shares of Selective Insurance Group in a report on Tuesday, October 3rd. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a report on Friday, October 27th. Keefe, Bruyette & Woods set a $55.00 target price on Selective Insurance Group and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, BidaskClub cut Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.13.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded up $0.15 on Tuesday, reaching $60.50. The company’s stock had a trading volume of 104,913 shares, compared to its average volume of 149,733. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. Selective Insurance Group has a 12-month low of $38.50 and a 12-month high of $62.40. The company has a market capitalization of $3,550.00, a PE ratio of 20.10, a P/E/G ratio of 0.89 and a beta of 1.45.

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, topping the Zacks’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a return on equity of 11.00% and a net margin of 7.36%. The firm had revenue of $621.30 million for the quarter, compared to analysts’ expectations of $625.80 million. During the same quarter last year, the business earned $0.66 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. equities analysts expect that Selective Insurance Group will post 3.08 earnings per share for the current fiscal year.

In other Selective Insurance Group news, Director Paul D. Bauer sold 28,840 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $61.14, for a total transaction of $1,763,277.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Burville sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $58.53, for a total value of $117,060.00. Following the transaction, the director now owns 82,898 shares in the company, valued at approximately $4,852,019.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,375 shares of company stock worth $2,740,784. Company insiders own 3.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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