Selective Insurance Group, Inc. Plans Quarterly Dividend of $0.43 (NASDAQ:SIGI)

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.43 per share by the insurance provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th.

Selective Insurance Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Selective Insurance Group has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Selective Insurance Group to earn $8.40 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 20.5%.

Selective Insurance Group Stock Down 2.0%

Shares of Selective Insurance Group stock traded down $1.69 during trading hours on Friday, hitting $82.40. The company had a trading volume of 284,351 shares, compared to its average volume of 494,602. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The company’s 50-day moving average is $81.91 and its two-hundred day moving average is $80.48. The company has a market cap of $4.98 billion, a P/E ratio of 12.70 and a beta of 0.24. Selective Insurance Group has a twelve month low of $71.75 and a twelve month high of $93.38.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.33. Selective Insurance Group had a net margin of 7.78% and a return on equity of 12.96%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Selective Insurance Group’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Selective Insurance Group will post 7.62 earnings per share for the current fiscal year.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.