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

Selective Insurance

01/11/2023 22:21

* Selective Insurance Group Inc  SIGI.OQ  reported quarterly
adjusted earnings of $1.51​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 99 cents.  The mean expectation of
eight analysts for the quarter was for earnings of $1.58 per
share. Wall Street expected results to range from $1.45 
to $1.76 per share.
    * Revenue rose 17.1% to $1.06 billion from a year ago;
analysts
expected $1.01 billion. 
    * Selective Insurance Group Inc's reported EPS for the
quarter was
$1.42​.
    * The company reported quarterly net income of $86.9
million.
    * Selective Insurance Group Inc shares had risen by 0.9%
this
quarter and gained 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 no "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Selective
Insurance Group Inc is $105.50 

This summary was machine generated from LSEG data November 1 at
10:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.58           1.51           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