Published on 27 Feb 2024 on Zacks via Yahoo Finance
Here's Why Investors Should Hold Selective Insurance (SIGI)
Selective Insurance Group, Inc.’s SIGI strong renewal, fuel price increases, favorable excess and surplus (E&S) lines marketplace conditions and higher income earned on fixed-income securities portfolio make it worth retaining in one’s portfolio.
Growth Projections
The Zacks Consensus Estimate for Selective Insurance’s 2024 earnings is pegged at $7.68 per share, indicating a 30.3% increase from the year-ago reported figure on 14.7% higher revenues of $4.86 billion. The consensus estimate for 2025 earnings is pegged at $8.46 per share, indicating a 10.1% increase from the year-ago reported figure on 9.3% higher revenues of $5.31 billion.The expected long-term earnings growth rate is pegged at 18.1%, outperforming the industry average of 11.5%.