Selective Insurance Group (SIGI) Declares $0.20 Quarterly Dividend

Selective Insurance Group (NASDAQ:SIGI) announced a quarterly dividend on Tuesday, February 5th, Wall Street Journal reports. Investors of record on Friday, February 15th will be given a dividend of 0.20 per share by the insurance provider on Friday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 14th.

Selective Insurance Group has increased its dividend payment by an average of 9.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Selective Insurance Group has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Selective Insurance Group to earn $4.48 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.9%.

SIGI opened at $64.71 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.25. Selective Insurance Group has a fifty-two week low of $53.55 and a fifty-two week high of $67.17. The stock has a market capitalization of $3.81 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.90.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, January 31st. The insurance provider reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.26. Selective Insurance Group had a net margin of 6.92% and a return on equity of 12.69%. The business had revenue of $680.90 million during the quarter, compared to the consensus estimate of $661.70 million. Equities analysts forecast that Selective Insurance Group will post 4.2 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Wednesday, February 6th. BidaskClub raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Buckingham Research assumed coverage on shares of Selective Insurance Group in a research report on Friday, December 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Finally, JMP Securities assumed coverage on shares of Selective Insurance Group in a research report on Friday, November 16th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.25.

In other news, Director Paul D. Bauer sold 2,500 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.40, for a total transaction of $161,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

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Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) 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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