Selective Insurance Group (SIGI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.61. The company posted revenue of $568.70 million in the period, compared to analysts expectations of $568.23 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on Selective Insurance Group. Selective Insurance Group was Resumed by Keefe Bruyette to “Mkt Perform” on May 4, 2016.
Selective Insurance Group opened for trading at $40.11 and hit $40.76 on the upside on Thursday, eventually ending the session at $40.12, with a gain of 1.13% or 0.45 points. The heightened volatility saw the trading volume jump to 2,10,645 shares. Company has a market cap of $2,313 M.
In a different news, on Jul 15, 2016, Gregory E Murphy (Chairman & CEO) sold 8,334 shares at $39.42 per share price. According to the SEC, on Jun 7, 2016, Kelley Ronald L O (director) sold 3,332 shares at $37.12 per share price. On Jun 1, 2016, Paul D Bauer (director) sold 1,500 shares at $37.00 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.