Selective Insurance Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Selective Insurance Group Inc SIGI.OQ reported quarterly adjusted earnings of $1.76​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of eight analysts for the quarter was for earnings of $1.85 per share. Wall Street expected results to range from $1.75 to $2.00 per share.

• Revenue rose 7.2% to $1.24 billion from a year ago; analysts expected $1.26 billion.

• Selective Insurance Group Inc's reported EPS for the quarter was $1.76​.

• The company reported quarterly net income of $107.6 million.

• Selective Insurance Group Inc shares had fallen by 0.2% this quarter and lost 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6% in the last three months.​

• In the last 30 days, five 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 no "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 $92.50

This summary was machine generated from LSEG data April 23 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)