For its first fiscal quarter (ending March 31), Selective Insurance Group Inc (NASDAQ: SIGI) has reported a -12% decline in E.P.S. from $1.49 a year ago to $1.31 in the current quarter. This performance was $-0.74 short of the consensus estimate of $2.05. For the latest four quarters through March 31, E.P.S. were $5.69 compared to $4.17 a year ago — an increase of 36%.
Recent Price Action
On 5/1/24, Selective Insurance Group Inc (NASDAQ: SIGI) stock rose modestly by 0.6%, closing at $102.28. Moreover, this advance was accompanied by above average trading volume at 136% of normal. The stock has performed in line with the market over the last nine months and has declined -1.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SIGI is expected to continue to be an important Value Builder.
Selective Insurance Group has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Selective Insurance Group has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 60, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment