New Lifetime High Today: Selective Insurance Group (SIGI)

Trade-Ideas LLC identified Selective Insurance Group (SIGI) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Selective Insurance Group

(

SIGI

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Selective Insurance Group as such a stock due to the following factors:

  • SIGI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.8 million.
  • SIGI has traded 11,631 shares today.
  • SIGI is trading at a new lifetime high.

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More details on SIGI:

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and surplus (E&S) Lines, and Investments. The stock currently has a dividend yield of 1.5%. SIGI has a PE ratio of 14. Currently there is 1 analyst that rates Selective Insurance Group a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Selective Insurance Group has been 189,700 shares per day over the past 30 days. Selective Insurance Group has a market cap of $2.3 billion and is part of the financial sector and insurance industry. The stock has a beta of 1.41 and a short float of 1.7% with 4.67 days to cover. Shares are up 17.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Selective Insurance Group as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 13.1%. Since the same quarter one year prior, revenues slightly increased by 4.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Although SIGI's debt-to-equity ratio of 0.26 is very low, it is currently higher than that of the industry average.
  • Compared to its closing price of one year ago, SIGI's share price has jumped by 28.98%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SIGI should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Insurance industry average. The net income has decreased by 6.7% when compared to the same quarter one year ago, dropping from $39.71 million to $37.03 million.
  • SELECTIVE INS GROUP INC's earnings per share declined by 8.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, SELECTIVE INS GROUP INC increased its bottom line by earning $2.86 versus $2.47 in the prior year. For the next year, the market is expecting a contraction of 4.7% in earnings ($2.73 versus $2.86).

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