Selective Insurance Group, Inc. (NASDAQ:SIGI) Announces $0.43 Quarterly Dividend

Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 17th will be given a dividend of 0.43 per share by the insurance provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 17th.

Selective Insurance Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 11 years. Selective Insurance Group has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Selective Insurance Group to earn $8.85 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.4%.

Selective Insurance Group Price Performance

NASDAQ SIGI opened at $97.79 on Friday. Selective Insurance Group has a 1 year low of $71.75 and a 1 year high of $100.40. The business’s fifty day moving average is $92.95 and its two-hundred day moving average is $85.80. The stock has a market capitalization of $5.85 billion, a P/E ratio of 13.38 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.30.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.30 billion. Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.During the same period last year, the company posted $1.31 EPS. On average, research analysts forecast that Selective Insurance Group will post 7.84 earnings per share for the current fiscal year.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.