Selective Insurance Group Inc reports results for the quarter ended in June - Earnings Summary

Selective Insurance

02/08/2023 23:25

* Selective Insurance Group Inc  SIGI.OQ  reported quarterly
adjusted earnings of 99 cents​​ per share for the quarter ended
in June. The mean expectation of eight analysts for the quarter
was for earnings of 99 cents per share.
    * Revenue rose 11.8% to $1.04 billion from a year ago;
analysts
expected $1.03 billion. 
    * Selective Insurance Group Inc's reported EPS for the
quarter was
92 cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.8%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Selective Insurance Group Inc shares had risen by 7.8%
this
quarter and gained 16.7% so far this year.
    * The company reported quarterly net income of $56.3
million.
    * Wall Street's median 12-month price target for Selective
Insurance Group Inc is $101.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.99           0.99           Met
 Mar. 31 2023      1.59           1.44           Missed
 Dec. 31 2022      1.46           1.46           Met
 Sep. 30 2022      1.17           0.99           Missed