best insurance stock - Selective Insurance Group SIGI Stock rating price target by RBC Capital : Selective Insurance Group (NASDAQ: SIGI) had its target price upped by RBC Capital from $20.00 to $23.00 in a report released on Monday. RBC Capital currently has a sector perform rating on the stock.
Separately , analysts at Zacks upgraded shares of Selective Insurance Group from a neutral rating to an outperform rating in a research note to investors on Tuesday , January 8th. They now have a $21.50 price target on the stock.
Separately , analysts at Zacks upgraded shares of Selective Insurance Group from a neutral rating to an outperform rating in a research note to investors on Tuesday , January 8th. They now have a $21.50 price target on the stock.
One analyst has rated the stock with a buy rating , and six have assigned a hold rating to the stock. The company currently has an average rating of hold and an average target price of $20.40.
Selective Insurance Group traded down 0.77% on Monday , hitting $21.82. Selective Insurance Group has a 52-week low of $16.22 and a 52-week high of $22.08. The stock’s 50-day moving average is currently $19.85. The company has a market cap of $1.200 billion and a price-to-earnings ratio of 23.17.
Selective Insurance Group last announced its earnings results on Thursday , January 31st. The company reported ($0.04) earnings per share for the quarter , beating the analysts’ consensus estimate of ($0.17) by $0.13. The company had revenue of $449.00 million for the quarter , compared to the consensus estimate of $394.86 million. During the same quarter last year , the company posted $0.33 earnings per share. Selective Insurance Group’s revenue was up 12.1% compared to the same quarter last year. On average , analysts predict that Selective Insurance Group will post $1.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend , which is scheduled for Friday , March 1st. Stockholders of record on Friday , February 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday , February 13th.
Selective Insurance Group , Inc. is a holding company of seven insurance subsidiaries. The Company , through its subsidiaries , offers property and casualty insurance products and services in the East and Midwest of the United States.