Selective Insurance Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Selective Insurance Group, Inc. reported quarterly adjusted earnings of $2.37​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.75. The mean expectation of nine analysts for the quarter was for earnings of $1.91 per share. Wall Street expected results to range from $1.53 to $2.23 per share.

• Revenue fell 2.5% to $1.33 billion from a year ago; analysts expected $1.17 billion.

• Selective Insurance Group, Inc.'s reported EPS for the quarter was $2.11​.

• The company reported quarterly net income of $126.4 million.

• Selective Insurance Group, Inc. shares had risen by 8.9% this quarter and gained 8.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 1 "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 $98.00, about 7.1% above its last closing price of $91.08

This summary was machine generated from LSEG data October 22 at 09:01 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)