Selective Insurance Group Inc (NASDAQ: SIGI) has reported E.P.S. of $-1.08 for its second fiscal quarter (ending June 30) versus $0.93 for the same period a year ago — a decline of -216%. Relative to the consensus estimate of $1.49, this was a shortfall of $-2.57. For the latest four quarters through June 30, E.P.S. were $3.69 versus $4.48 for the same period a year ago — a decline of -18%.
Recent Price Action
Selective Insurance Group Inc (NASDAQ: SIGI) stock declined slightly by -0.9% on 7/18/24. The stock closed at $100.32. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 7.7% 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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Selective Insurance Group has a neutral Appreciation Score of 42 and a neutral Power Rating of 54, triggering the Low Neutral Value Trend Rating.
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.
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