Selective Insurance Group (SIGI) to Release Quarterly Earnings on Wednesday

Selective Insurance Group (NASDAQ:SIGI) is expected to be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.99 per share and revenue of $1,272,777.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Selective Insurance Group Stock Performance

SIGI opened at $95.48 on Tuesday. The stock’s 50 day simple moving average is $95.28 and its 200 day simple moving average is $93.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $5.80 billion, a P/E ratio of 25.74 and a beta of 0.62. Selective Insurance Group has a 1-year low of $81.00 and a 1-year high of $109.58.

Analyst Ratings Changes

SIGI has been the topic of several recent research reports. Morgan Stanley started coverage on shares of Selective Insurance Group in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on Selective Insurance Group from $114.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $95.00 to $105.00 in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.57.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.