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

Selective Insurance

03/05/2024 09:28

* Selective Insurance Group Inc  SIGI.OQ  reported quarterly
adjusted earnings of $1.33​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $1.44.  The mean expectation of nine analysts
for the quarter was for earnings of $1.86 per share. Wall Street
expected results to range from $1.71  to $2.04 per share.
    * Revenue rose 16.6% to $1.17 billion from a year ago;
analysts
expected $1.12 billion. 
    * Selective Insurance Group Inc's reported EPS for the
quarter was
$1.31​.
    * The company reported quarterly net income of $80.22
million.
    * Selective Insurance Group Inc shares had fallen by 12.3%
this
quarter and lost 3.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for Selective
Insurance Group Inc is $105.00 
This summary was machine generated from LSEG data May 3 at 08:28
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.86           1.33           Missed
 Dec. 31 2023      1.94           1.94           Met
 Sep. 30 2023      1.58           1.51           Missed
 Jun. 30 2023      0.99           0.99           Met