Selective Insurance Group (NASDAQ:SIGI) Declares Dividend Increase – $0.23 Per Share

Selective Insurance Group (NASDAQ:SIGI) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.23 per share by the insurance provider on Monday, December 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, November 14th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.20.

NASDAQ SIGI traded up $0.17 on Tuesday, hitting $68.24. 3,176 shares of the stock were exchanged, compared to its average volume of 284,795. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The business’s fifty day moving average is $73.22 and its 200 day moving average is $74.82. Selective Insurance Group has a 52 week low of $56.22 and a 52 week high of $81.35. The company has a market capitalization of $4.08 billion, a PE ratio of 18.65, a P/E/G ratio of 2.18 and a beta of 0.74.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.14). The firm had revenue of $710.40 million for the quarter, compared to the consensus estimate of $718.14 million. Selective Insurance Group had a return on equity of 12.83% and a net margin of 8.53%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Analysts predict that Selective Insurance Group will post 4.18 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on SIGI shares. ValuEngine raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. BidaskClub lowered Selective Insurance Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Buckingham Research upped their price objective on Selective Insurance Group from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Selective Insurance Group has a consensus rating of “Hold” and a consensus target price of $74.00.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.

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Dividend History for Selective Insurance Group (NASDAQ:SIGI)

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