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

Selective Insurance

04/05/2023 05:38

* Selective Insurance Group Inc  SIGI.OQ  reported quarterly
adjusted earnings of $1.44​​ per share for the quarter ended in
March. The mean expectation of eight analysts for the quarter
was for earnings of $1.59 per share.
    * Revenue rose 12.4% to $999.80 million from a year ago;
analysts
expected $974.95 million. 
    * Selective Insurance Group Inc's reported EPS for the
quarter was
$1.48​.
    * The mean earnings estimate of analysts had risen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Selective Insurance Group Inc shares had risen by 2.4%
this
quarter and gained 10.2% so far this year.
    * The company reported quarterly net income of $90.3
million.
    * Wall Street's median 12-month price target for Selective
Insurance Group Inc is $102.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 04:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.59           1.44           Missed
 Dec. 31 2022      1.46           1.46           Met
 Sep. 30 2022      1.17           0.99           Missed
 Jun. 30 2022      1.23           1.17           Missed