$0.79 EPS Expected for Selective Insurance Group (SIGI)

July 18, 2017 - By Henry Gaston

 $0.79 EPS Expected for Selective Insurance Group (SIGI)
Investors sentiment increased to 0.9 in 2016 Q4. Its up 0.09, from 0.81 in 2016Q3. It increased, as 21 investors sold Selective Insurance Group shares while 76 reduced holdings. 30 funds opened positions while 57 raised stakes. 44.03 million shares or 0.49% more from 43.81 million shares in 2016Q3 were reported.
Citadel Advsr Ltd Llc holds 0% or 15,001 shares in its portfolio. Int Inc holds 41,830 shares. Legal & General Gru Public Limited Company stated it has 0% of its portfolio in Selective Insurance Group (NASDAQ:SIGI). Blackrock holds 13,682 shares or 0% of its portfolio. Nomura Asset Management Ltd invested 0% of its portfolio in Selective Insurance Group (NASDAQ:SIGI). State Of Tennessee Treasury Department holds 0.01% or 45,932 shares. First Citizens Retail Bank holds 6,051 shares. Voya Investment Ltd has invested 0.05% in Selective Insurance Group (NASDAQ:SIGI). Boston Advsrs Lc holds 0.1% of its portfolio in Selective Insurance Group (NASDAQ:SIGI) for 95,948 shares. Sterling Cap Mgmt Limited Liability Company owns 589,701 shares. Blackrock Fund Advisors invested in 3.67M shares. Advisors Asset Mgmt holds 0% or 1,677 shares in its portfolio. Nationwide Fund Advsr has 0.02% invested in Selective Insurance Group (NASDAQ:SIGI). Envestnet Asset Management Incorporated owns 17,664 shares. Dimensional Fund Advsr Lp owns 0.1% invested in Selective Insurance Group (NASDAQ:SIGI) for 4.79M shares.

Since February 3, 2017, it had 0 buys, and 12 sales for $2.60 million activity. $626,854 worth of stock was sold by RUE WILLIAM M on Monday, May 1. Morrissey Michael J. sold $75,158 worth of stock. The insider BAUER PAUL D sold 2,000 shares worth $100,401. The insider Marchioni John J. sold $43. Nicholson Cynthia S sold $296,714 worth of stock. 6,275 shares were sold by BROWN A DAVID, worth $316,855. $124,697 worth of stock was sold by THEBAULT J BRIAN on Monday, February 6.

Analysts await Selective Insurance Group (NASDAQ:SIGI) to report earnings on July, 26. They expect $0.79 EPS, up 9.72 % or $0.07 from last year’s $0.72 per share. SIGI’s profit will be $46.21 million for 16.12 P/E if the $0.79 EPS becomes a reality. After $0.86 actual EPS reported by Selective Insurance Group for the previous quarter, Wall Street now forecasts -8.14 % negative EPS growth. The stock decreased 1.36% or $0.7 during the last trading session, reaching $50.95. About 146,796 shares traded. Selective Insurance Group (NASDAQ:SIGI) has risen 41.43% since July 18, 2016 and is uptrending. It has outperformed by 24.73% the S&P500.

Selective Insurance Group (NASDAQ:SIGI) Ratings Coverage

Among 3 analysts covering Selective Insurance (NASDAQ:SIGI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Selective Insurance had 6 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, December 9. RBC Capital Markets maintained the stock with “Hold” rating in Monday, July 10 report. As per Wednesday, May 4, the company rating was reinitiated by Wood. As per Monday, January 23, the company rating was initiated by Sandler O’Neill. The company was maintained on Friday, July 31 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, October 30 by RBC Capital Markets.

Selective Insurance Group, Inc. is a holding company. The company has market cap of $2.98 billion. 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. It has a 17.46 P/E ratio. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines market.

More notable recent Selective Insurance Group (NASDAQ:SIGI) news were published by: Seekingalpha.com which released: “Selective Insurance Group’s (SIGI) CEO Greg Murphy on Q1 2017 Results …” on April 29, 2017, also Prnewswire.com with their article: “Selective Insurance Names Mark Wilcox Chief Financial Officer” published on October 31, 2016, Prnewswire.com published: “Selective Reports First Quarter 2017 Net Income per Diluted Share of $0.85 and …” on April 26, 2017. More interesting news about Selective Insurance Group (NASDAQ:SIGI) were released by: Insurancejournal.com and their article: “New Jersey’s Selective Insurance Company of America Appoints New Officers” published on November 22, 2016 as well as Seekingalpha.com‘s news article titled: “Selective Insurance Group’s (SIGI) CEO Greg Murphy on Q4 2016 Results …” with publication date: February 03, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.