Selective Insurance Group, Inc. (NASDAQ:SIGI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SIGI to report 3Q20 income of $ 1.07 per share from revenue of $ 701.00 million.
For the full year, analysts anticipate top line of $ 2715.89 million, while looking forward to income of $ 3.41 per share bottom line.
Previous Quarter Performance
Selective Insurance Group, Inc. recorded income for the second quarter of $ 0.40 per share, from the revenue of $ 724.80 million. Wall street analysts are predicting, SIGI to report 2Q20 income of $ 0.33 per share from revenue of $ 675.03 million. The bottom line results beat street analysts by $ 0.07 or 21.21 percent, at the same time, top line results outshined analysts by $ 49.77 million or 7.37 percent.
Stock Performance
Shares of Selective Insurance Group, Inc. traded low $ -1.63 or -2.93 percent on Tuesday, reaching $ 54.04 with volume of 182.80 thousand shares. Selective Insurance Group, Inc. has traded high as $ 55.87 and has cracked $ 53.89 on the downward trend
According to the previous trading day, closing price of $ 54.04, representing a 50.26 % increase from the 52 week low of $ 37.05 and a 22.74 % decrease over the 52 week high of $ 72.06.
The company has a market capital of $ 3.23 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The companys products and services include property insurance, which covers the financial consequences of accidental loss of an insureds real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insureds negligent acts, omissions, or legal liabilities.
