Selective Insurance Group (NASDAQ:SIGI) changed 0.06% to recent value of $71.81. The stock transacted 398283 shares during most recent day however it has an average volume of 441.03K shares. It spotted trading -11.73% off 52-week high price. On the other end, the stock has been noted 27.73% away from the low price over the last 52-weeks.
On Oct. 30, 2019, In the third quarter of 2019:
- Net premiums written (NPW) increased 4%
- GAAP combined ratio was 95.2%
- After-tax net investment income was up 6%, to $45 million
- Annualized return on equity (ROE) was 10.7% and non-GAAP operating ROE1 was 11.2%
Selective Insurance Group (NASDAQ:SIGI) revealed its financial results for the third quarter ended September 30, 2019. The company reported net income per diluted share of $0.93, in line with the same quarter a year ago. Non-GAAP operating income1 per diluted share was $0.97, compared to $0.99 a year ago. The third quarter results were impacted by: (i) higher than expected levels of non-catastrophe property losses of $5 million, after-tax, or $0.09 per diluted share; and (ii) employee-related severance costs of $3 million after-tax, which were split between underwriting and corporate expenses, that accounted for $0.05 per diluted share. On a year-to-date basis, non-catastrophe property losses were in-line with expected levels.
In the third quarter we generated a 95.2% GAAP combined ratio, or 91.5% excluding catastrophe losses, said Gregory E. Murphy, Chairman and Chief Executive Officer. Our annualized non-GAAP operating ROE1 for the quarter was 11.2%, and on a year-to-date basis was 12.3%, which is in-line with our 2019 financial target of 12%, a strong testament to the successful execution of our strategic initiatives.
SIGI has an operating margin of 11.60% while its profit margin remained 8.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained -5.90% for this year while earning per share for the next 5-years is expected to reach at 10.09%.
The company has 59.37M of outstanding shares and 57.98M shares were floated in the market. The price moved ahead of -3.14% from the mean of 20 days, -5.35% from mean of 50 days SMA and performed 0.56% from mean of 200 days price. Company’s performance for the week was -1.26%, -3.46% for month and YTD performance remained 17.84%.
Ricardo Gardner joined the newsdegree.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Ricardo is the Senior Editor for newsdegree.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
Height: 177 cm
Weight: 70 kg
Blood Type: AB-
Address: 6477 Lower Kinney Road, Vanceburg, KY 41179, USA
Phone Number: 931-796-1853
Email: [email protected]
