Worth Watching Stock for Traders: Selective Insurance Group (NASDAQ:SIGI)

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%.

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