Selective Insurance Group, Inc. (NASDAQ:SIGI) Declares Dividend Increase – $0.48 Per Share

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 16th will be given a dividend of $0.48 per share by the insurance provider on Tuesday, December 1st. This represents a $1.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 16th. This is a 11.6% increase from Selective Insurance Group’s previous quarterly dividend of $0.43.

Selective Insurance Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Selective Insurance Group has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Selective Insurance Group to earn $8.74 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 19.7%.

Selective Insurance Group Stock Up 0.7%

Shares of Selective Insurance Group stock opened at $91.74 on Friday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 11.38 and a beta of 0.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. Selective Insurance Group has a 52-week low of $72.78 and a 52-week high of $100.40. The stock has a 50-day simple moving average of $88.83 and a 200-day simple moving average of $89.76.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 EPS for the quarter, topping the consensus estimate of $1.91 by $0.46. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.17 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. During the same period in the prior year, the business posted $1.85 earnings per share. On average, equities research analysts expect that Selective Insurance Group will post 8.20 earnings per share for the current fiscal year.

Key Headlines Impacting Selective Insurance Group

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Q3 earnings exceeded expectations. Selective reported adjusted EPS of $2.37, above the $1.91 consensus estimate and up from $1.85 a year earlier. GAAP net income rose 12% to $126.4 million, or $2.11 per diluted share. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: Shareholder returns were increased. The board raised the quarterly dividend 11.6% to $0.48 per share, equivalent to $1.92 annually and an indicated yield of about 2.1%. It also authorized a new $200 million share-repurchase program, which could support per-share earnings and signal confidence in the company’s valuation. Selective Insurance Announces Equity Buyback
• Positive Sentiment: Investment income and underwriting remained solid. After-tax net investment income increased 16% to $127.3 million, while the 96.8% GAAP combined ratio indicates underwriting profitability. Full-year guidance calls for a 96.5%–97.5% combined ratio and $490 million of after-tax net investment income. Selective Reports Q3 Results
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change may improve execution, but its financial impact is not yet clear. Selective Appoints Jacob E. Rothfuss
• Negative Sentiment: Premium volume and revenue declined year over year. Net premiums written fell 7% to $1.123 billion, and total revenue declined 2% to approximately $1.326 billion. This highlights slower insurance growth despite the earnings beat.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.