Selective Insurance Group (SIGI) was Resumed by Keefe Bruyette to “Mkt Perform”. Keefe Bruyette advised their investors in a research report released on May 4, 2016.
On the company’s financial health, Selective Insurance Group reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.71. The company had revenue of $545.60 million for the quarter, compared to analysts expectations of $548.32 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Selective Insurance Group opened for trading at $34.99 and hit $35.4 on the upside on Monday, eventually ending the session at $35.17, with a gain of 1.33% or 0.46 points. The heightened volatility saw the trading volume jump to 1,94,142 shares. Company has a market cap of $2,025 M.
In a different news, on Feb 18, 2016, Paul D Bauer (director) sold 5,000 shares at $33.92 per share price. According to the SEC, on Feb 18, 2016, J Brian Thebault (director) sold 3,438 shares at $33.59 per share price. On Feb 8, 2016, Michael H Lanza (EVP and General Counsel) sold 25,637 shares at $32.99 per share price, according to the Form-4 filing with the securities and exchange commission.
Selective Insurance Group Inc. (the Parent) is a holding company with insurance subsidiaries. The Company operates its business through four reportable segments: Standard Commercial Lines Standard Personal Lines E&S Lines and Investments. Standard Commercial Lines consists of insurance products and services provided in the standard marketplace to its commercial customers. Standard Personal Lines consists of insurance products and services including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP). E&S Lines consists of insurance products and services provided to customers who have not obtained coverage in the standard marketplace. It only writes commercial lines excess and surplus (E&S) coverages. Investments segment invests the premiums collected by its insurance segments as well as amounts generated through its capital management strategies which includes the issuance of debt and equity securities.