Selective Insurance Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Selective Insurance

21/10/2024 22:37

* Selective Insurance Group Inc  SIGI.OQ  reported quarterly
adjusted earnings of $1.40​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.51.  The mean expectation of
nine analysts for the quarter was for earnings of $1.65 per
share. Wall Street expected results to range from $1.45 
to $1.80 per share.
    * Revenue rose 9.4% to $1.16 billion from a year ago;
analysts
expected $1.17 billion. 
    * Selective Insurance Group Inc's reported EPS for the
quarter was
$1.47​.
    * The company reported quarterly net income of $90 million.
    * Selective Insurance Group Inc shares had risen by 5.8%
this
quarter and lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"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 $96.00 
This summary was machine generated from LSEG data October 21 at
09:37 p.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
 Sep. 30 2024      1.65           1.40           Missed
 Jun. 30 2024      1.49           -1.10          Missed
 Mar. 31 2024      1.86           1.33           Missed
 Dec. 31 2023      1.94           1.94           Met