Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a quarterly dividend on Wednesday, October 28th, Zacks reports. Investors of record on Friday, November 13th will be paid a dividend of 0.25 per share by the insurance provider on Tuesday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 12th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.23.
Selective Insurance Group has raised its dividend by 36.1% over the last three years.
Shares of SIGI stock traded down $1.05 on Friday, hitting $52.87. The company had a trading volume of 4,154 shares, compared to its average volume of 312,825. The firm has a market cap of $3.23 billion, a P/E ratio of 17.02 and a beta of 0.83. The company has a 50-day moving average price of $52.84 and a 200-day moving average price of $53.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Selective Insurance Group has a twelve month low of $37.05 and a twelve month high of $71.97.
Several brokerages have recently issued reports on SIGI. Zacks Investment Research cut Selective Insurance Group from a “hold” rating to a “strong sell” rating and set a $46.00 price objective for the company. in a report on Thursday, October 22nd. BidaskClub raised Selective Insurance Group from a “strong sell” rating to a “sell” rating in a report on Tuesday. TheStreet upgraded Selective Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, August 25th. Finally, ValuEngine lowered Selective Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.20.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance products 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, as well as flood insurance products.
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