La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Selective Insurance Gr a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Selective Insurance Gr..

Selective Insurance Gr (NASDAQ:SIGI) Azioni, Catena delle Opzioni

Selective Insurance Gr

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.

Selective Insurance Group, Inc. - Common Stock

Selective Insurance Group Inc

Selective Insurance Group, Inc. - Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B

<p>BMO Capital  analyst Michael Zaremski   upgrades Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) from Market Perform to Outperform and raises the price target from $95 to $105.</p>


News

Upgrades

Price Target

Analyst Ratings

SIGI

BMO Capital Upgrades Selective Insurance Gr to Outperform, Raises Price Target to $105

<p>RBC Capital  analyst Scott Heleniak   maintains Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Sector Perform and raises the price target from $96 to $99.</p>


RBC Capital Maintains Sector Perform on Selective Insurance Gr, Raises Price Target to $99

<p>B of A Securities  analyst Grace Carter   maintains Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Underperform and raises the price target from $96 to $102.</p>


B of A Securities Maintains Underperform on Selective Insurance Gr, Raises Price Target to $102

<p>It&nbsp;is payable December 2, 2024, to holders of record on November 15, 2024; and</p>


Dividends

Selective Insurance Boosts Quarterly Dividend By 9% From $0.35 To $0.38 Per Share

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) sees a GAAP combined ratio of 102.5%, up 1 point from our prior guidance of 101.5% for 2024.</p>


Guidance

Selective Insurance Gr sees a GAAP combined ratio of 102.5%, up 1 point from our prior guidance of 101.5% for 2024.

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) reported quarterly sales of $1.24 billion which beat the analyst consensus estimate of $1.17 billion by 5.89 percent.  This is a 17.58 percent increase over sales of $1.06 billion the same period last year.</p>


Earnings

Earnings Beats

Selective Insurance Gr Q3 Sales $1.24B Beat $1.17B Estimate

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Selective Insurance Gr to report an <strong>earnings per share</strong> (EPS) of $1.65.</p>
<p>The market awaits Selective Insurance Gr's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $2.58, which was followed by a 18.18% drop in the share price the next day.</p>
<p>Here's a look at Selective Insurance Gr's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.48</td>
<td>1.84</td>
<td>1.94</td>
<td>1.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-1.10</td>
<td>1.33</td>
<td>1.94</td>
<td>1.51</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-18.0%</td>
<td>-6.0%</td>
<td>-8.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729275662_0.png" alt="eps graph" /></p>
<h3>Tracking Selective Insurance Gr's Stock Performance</h3>
<p>Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.76%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SIGI/earnings"><strong>To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview: Selective Insurance Gr

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Selective Insurance Gr to report an <strong>earnings per share</strong> (EPS) of $1.65.</p>
<p>Investors in Selective Insurance Gr are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.</p>
<p>It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.</p>
<h3>Past Earnings Performance</h3>
<p>During the last quarter, the company reported an EPS missed by $2.58, leading to a 18.18% drop in the share price on the subsequent day.</p>
<p>Here's a look at Selective Insurance Gr's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.48</td>
<td>1.84</td>
<td>1.94</td>
<td>1.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-1.10</td>
<td>1.33</td>
<td>1.94</td>
<td>1.51</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-18.0%</td>
<td>-6.0%</td>
<td>-8.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729275434_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SIGI/earnings"><strong>To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview For Selective Insurance Gr

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Selective Insurance Gr to report an <strong>earnings per share</strong> (EPS) of $1.65.</p>
<p>Selective Insurance Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $2.58, which was followed by a 18.18% drop in the share price the next day.</p>
<p>Here's a look at Selective Insurance Gr's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.48</td>
<td>1.84</td>
<td>1.94</td>
<td>1.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-1.10</td>
<td>1.33</td>
<td>1.94</td>
<td>1.51</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-18.0%</td>
<td>-6.0%</td>
<td>-8.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729275305_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SIGI/earnings"><strong>To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Selective Insurance Gr's Earnings: A Preview

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Selective Insurance Gr to report an <strong>earnings per share</strong> (EPS) of $1.65.</p>
<p>The market awaits Selective Insurance Gr's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Earnings Track Record</h3>
<p>The company's EPS missed by $2.58 in the last quarter, leading to a 18.18% drop in the share price on the following day.</p>
<p>Here's a look at Selective Insurance Gr's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.48</td>
<td>1.84</td>
<td>1.94</td>
<td>1.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-1.10</td>
<td>1.33</td>
<td>1.94</td>
<td>1.51</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-18.0%</td>
<td>-6.0%</td>
<td>-8.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729275247_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.61%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SIGI/earnings"><strong>To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Look at Selective Insurance Gr's Upcoming Earnings Report

<p>Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is gearing up to announce its quarterly earnings on Monday, 2024-10-21. Here's a quick overview of what investors should know before the release.</p>
<p>Analysts are estimating that Selective Insurance Gr will report an <strong>earnings per share</strong> (EPS) of $1.65.</p>
<p>The market awaits Selective Insurance Gr's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Past Earnings Performance</h3>
<p>The company's EPS missed by $2.58 in the last quarter, leading to a 18.18% drop in the share price on the following day.</p>
<p>Here's a look at Selective Insurance Gr's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.48</td>
<td>1.84</td>
<td>1.94</td>
<td>1.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-1.10</td>
<td>1.33</td>
<td>1.94</td>
<td>1.51</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-18.0%</td>
<td>-6.0%</td>
<td>-8.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729263650_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.61%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SIGI/earnings"><strong>To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Selective Insurance Gr's Earnings Outlook

<p>Throughout the last three months, 5 analysts have evaluated Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $94.2, with a high estimate of $99.00 and a low estimate of $85.00. This current average has decreased by 4.27% from the previous average price target of $98.40. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728583246_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Selective Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$96.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$95.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$96.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$99.00</td>
<td>$104.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Selective Insurance Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Selective Insurance Gr compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Selective Insurance Gr's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Selective Insurance Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SIGI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Selective Insurance Gr analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Selective Insurance Gr</h2>
<p>Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.</p>
<h3>Understanding the Numbers: Selective Insurance Gr's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Selective Insurance Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>14.94%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> Selective Insurance Gr's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>-5.49%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>-2.37%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>-0.53%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.19</strong>, Selective Insurance Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Cracking The Code: Understanding Analyst Reviews For Selective Insurance Gr

<p>B of A Securities  analyst Grace Carter   maintains Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Underperform and raises the price target from $89 to $96.</p>


B of A Securities Maintains Underperform on Selective Insurance Gr, Raises Price Target to $96

Management

Selective Insurance Announces Anthony D. Harnett To Step Down As Interim CFO, Will Continue As Senior Vice President And Chief Accounting Officer

Selective Insurance Appoints Patrick Brennan As CFO

<p><strong>NMI Holdings </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) reported second-quarter 2024 operating net income per share of $1.20, which beat the Zacks Consensus Estimate by 15.4%. The bottom line increased 26.3% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company&#39;s high-quality insured portfolio.</p>
<h3>Operational Update</h3>
<p>NMI Holdings&#39; total operating revenues of $162 million increased 13.3% year over year on higher net premiums earned (up 12%) and net investment income (up 25%). Revenues beat the Zacks Consensus Estimate by 2.1%.</p>
<p>Primary insurance in force increased 6.4% to $203.5 billion. Annual persistency was 85.4%, down 60 basis points (bps) year over year. New insurance written was $12.5 billion, up 9% year over year.</p>
<div class="chart_embed">
<h3>NMI Holdings Inc Price, Consensus and EPS Surprise</h3>
<p><img alt="NMI Holdings Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/99/1722441175.png" style="height:265px; width:574px" title="" /></p>
<p><span style="font-size:13px">NMI Holdings Inc price-consensus-eps-surprise-chart</span><span style="font-size:13px"> | NMI Holdings Inc Quote</span></p>
<p>Underwriting and operating expenses totaled $28.3 million, up 3.2% year over year. Insurance claims and claim expenses were $0.3 million, reflecting a drop of 90.4% year over year. The loss ratio was 0.2, which improved 210 bps year over year.</p>
<p>The adjusted expense ratio of 20.1 improved 160 bps year over year, while the adjusted combined ratio of 20.3 improved 80 bps year over year.</p>
</div>
<h3>Financial Update</h3>
<p>Book value per share, a measure of net worth, was up 17% year over year to $27.54 as of Jun 30, 2024.</p>
<p>NMI Holdings had $62.6 million in cash and cash equivalents, which decreased 35.2% from 2023 end. The debt balance of $414.2 million increased 4.2% from the end of 2023.</p>
<p>The annualized adjusted return on equity was 18.3%, which contracted 30 bps year over year.</p>
<p>Total PMIERs available assets were $2.8 billion. Net risk-based required assets totaled $1.7 billion at the end of second-quarter 2024.</p>
<h3>Zacks Rank</h3>
<p>NMIH currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performance of Other Insurers</h3>
<p><strong>The Travelers Companies </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) reported second-quarter 2024 core income of $2.51 per share, which beat the Zacks Consensus Estimate by 25.5%.&nbsp; The bottom line skyrocketed from 6 cents earned in the year-ago quarter, driven by solid underlying results, net favorable prior year reserve development and higher net investment income, partially offset by higher catastrophe losses. Travelers&#39; total revenues increased 12.4% from the year-ago quarter to $11.3 billion, primarily driven by higher premiums. The top-line figure, however, missed the Zacks Consensus Estimate by 1%.</p>
<p><strong>The Progressive Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.</p>
<p>Progressive&#39;s net premiums earned grew 19% to $17.2 billion and beat our estimate of $16.7 billion. Combined ratio improved 850 bps from the prior-year quarter&#39;s level to 91.9.</p>
<p><strong>Selective Insurance Group, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sigi#NASDAQ">SIGI</a>) reported second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate of earnings of $1.56. The company had reported an operating income of 99 cents per share in the prior year quarter. The quarterly results reflected poor underwriting performance, unfavorable prior-year casualty reserve development and escalating costs, offset by higher premiums and net investment income.</p>
<p>Selective Insurance&#39;s total revenues of $1.2 billion increased 15% from the year-ago quarter&#39;s figure, primarily due to higher premiums earned, net investment income and net premiums written. The top line missed the Zacks Consensus Estimate by 1.3%.</p>
<p><a href="https://www.zacks.com/stock/news/2313392/nmi-holdings-nmih-q2-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313392">To read this article on Zacks.com click here.</a></p>


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NMI Holdings Q2 Earnings and Revenues Beat Estimates

<p><strong>First American Financial </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faf#NYSE">FAF</a>) reports a second-quarter 2024 operating income per share of $1.27, which beat the Zacks Consensus Estimate by 12.4%. The bottom line decreased 5.9% year over year.</p>
<p>The insurer&#39;s results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions.</p>
<h3>Behind the Headlines</h3>
<p>Operating revenues of $1.6 billion dropped 2.1% year over year due to lower agent premiums and information and other. The top line missed the Zacks Consensus Estimate by 1.2%.</p>
<div class="chart_embed">
<h3>First American Financial Corporation Price, Consensus and EPS Surprise</h3>
<p><img alt="First American Financial Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/11/1721923696.png" style="height:265px; width:574px" title="" /></p>
<p>First American Financial Corporation price-consensus-eps-surprise-chart | First American Financial Corporation Quote</p>
<p>Investment income was $129.9 million in the first quarter, declining 4.5% year over year. The figure was lower than our estimate of $150 million.</p>
<p>Expenses inched down 0.9% to $1.5 billion. Our estimate was $1.5 billion.</p>
</div>
<h3>Segment Results</h3>
<p><strong>Title Insurance and Services</strong>: Total revenues fell 0.6% year over year to $1.5 billion. The downside was due to lower agent premiums and information and other. The figure was in line with our estimate.&nbsp;</p>
<p>Investment income of $126 million declined 11.3% year over year. The downside was primarily due to lower average interest-bearing escrow and tax-deferred property exchange balances, partly offset by higher interest income from the company&#39;s warehouse lending business.</p>
<p>Adjusted pretax margin contracted 70 basis points (bps) year over year to 11.9%. Title open orders dropped 2.8% to 169,600. Title closed orders fell 2.8% to 124,700. The average revenue per direct title order increased 0.9% to $11,700, primarily owing to a shift in the mix from lower premium default transactions to higher premium commercial transactions and an increase in the average revenue per order for purchase transactions.</p>
<p><strong>Home Warranty</strong>: Total revenues increased 0.3% to $106 million. The figure was higher than our estimate of $102.6 million. Pretax income of $16.5 million increased 15.4% year over year. The claim loss rate was 45.8% in the first quarter, contracting 340 bps due to lower claim severity, which was partially offset by higher claim frequency. The pretax margin was 15.4%, which expanded 200 bps year over year.</p>
<p><strong>Corporate</strong>: Net investment income was $4 million, down 50% year over year, primarily attributable to changes in the value of investments associated with the company&#39;s deferred compensation program. This amount was offset by lower personnel expenses reflecting returns on the plan participants&#39; investments.</p>
<p>Interest expenses were $23 million, up 9% year over year due to higher interest expenses in the company&#39;s warehouse lending business.</p>
<h3>Financial Update</h3>
<p>First American exited the quarter with cash and cash equivalents of $2 billion, down 43.2% from the end of 2023. Notes and contracts payable were $1.4 billion, up 0.4% from the end of 2023.</p>
<p>Stockholders&#39; equity was $4.7 billion, down 0.7% from the 2023-end level. The debt-to-capital ratio was 29.7.</p>
<p>FAF bought back shares worth $4 1million in the quarter. Through Jul 23, it repurchased an additional $15 million worth of shares.</p>
<p>Cash flow from operations was $267 million, down 0.7% year over year.</p>
<h3>Zacks Rank</h3>
<p>FAF currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performance of Other Insurers</h3>
<p><strong>The Travelers Companies </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) reported a second-quarter 2024 core income of $2.51 per share, which beat the Zacks Consensus Estimate by 25.5%. The bottom line skyrocketed from 6 cents in the year-ago quarter, driven by solid underlying results, net favorable prior-year reserve development and higher net investment income, partially offset by higher catastrophe losses. Travelers&#39; total revenues increased 12.4% from the year-ago quarter&#39;s figure to $11.3 billion, primarily driven by higher premiums. The top-line figure missed the Zacks Consensus Estimate by 1%.</p>
<p>Net written premiums increased 8% year over year to a record $11.1 billion, driven by strong growth across all three segments. The figure was higher than our estimate of $10.4 billion. Travelers witnessed an underwriting loss of $65 million, narrower than a loss of $640 million incurred in the year-ago quarter. The combined ratio improved 630 bps year over year to 100.2 due to an improvement in the underlying combined ratio, higher net favorable prior-year reserve development and lower catastrophe losses, as a percentage of net earned premiums. The Zacks Consensus Estimate was pegged at 97.</p>
<p><strong>The Progressive Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.</p>
<p>Net premiums earned grew 19% to $17.2 billion and beat our estimate of $16.7 billion. The combined ratio improved by 850 bps from the prior-year quarter&#39;s level to 91.9.</p>
<p><strong>Selective Insurance Group, Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sigi#NASDAQ">SIGI</a>) reported a second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate for earnings of $1.56. The company reported an operating income of 99 cents per share in the prior-year quarter. The quarterly results reflected poor underwriting performance, unfavorable prior-year casualty reserve development and escalating costs, offset by higher premiums and net investment income.</p>
<p>Total revenues of $1.2 billion increased 15% from the year-ago quarter&#39;s figure, primarily due to higher premiums earned, net investment income and net premiums written. The top line missed the Zacks Consensus Estimate by 1.3%.</p>
<p><a href="https://www.zacks.com/stock/news/2309346/first-american-faf-q2-earnings-top-revenues-miss-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309346">To read this article on Zacks.com click here.</a></p>


First American Q2 Earnings Top, Revenues Miss Estimates

<p><strong>Willis Towers Watson Public Limited Company</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wtw#NASDAQ">WTW</a>) delivered second-quarter 2024 adjusted earnings of $2.55 per share, which beat the Zacks Consensus Estimate by 11.8%.&nbsp; The bottom line increased 24% year over year.</p>
<p>The insurer&#39;s second-quarter results benefited from the strong revenue contribution from the Health, Wealth &amp; Career and Risk &amp; Broking segments, as well as expanded margin, partly offset by elevated expenses.</p>
<div class="chart_embed">
<p><strong>Willis Towers Watson Public Limited Company Price, Consensus and EPS Surprise</strong></p>
<p><img alt="Willis Towers Watson Public Limited Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/10/1721911828.png" style="height:265px; width:591px" title="" /></p>
<p>Willis Towers Watson Public Limited Company price-consensus-eps-surprise-chart | Willis Towers Watson Public Limited Company Quote</p>
</div>
<h3>Operational Update</h3>
<p>Willis Towers posted adjusted consolidated revenues of $2.26 billion, up 5% year over year on a reported basis. Revenues increased 6% on both organic basis and constant currency basis. The top line beat the Zacks Consensus Estimate by 0.04%.</p>
<p>The total costs of providing services increased 1.7% year over year to $2 billion due to higher salaries and benefits, transaction and transformation and other operating expenses. The metric matched our estimate.</p>
<p>Adjusted operating income was $385 million, which increased 22% year over year. The figure was higher than our estimate of $343 million. Margin expanded 240 basis points (bps) to 17%.</p>
<p>Adjusted EBITDA was $466 million, up 13% year over year. The figure was higher than our estimate of $437.4 million. Adjusted EBITDA margin expanded 160 bps to 20.6%.</p>
<h3>Quarterly Segment Update</h3>
<p><strong>Health, Wealth &amp; Career:</strong> Total revenues of $1.2 billion increased 4% year over year (4% increase on a constant currency and 5% increase on organic basis). The figure matched the Zacks Consensus Estimate as well as our estimate.</p>
<p>Organic revenue growth in Health was driven by increased project work in North America and strong client retention, new local appointments and the continued expansion of Global Benefits Management client portfolio in International and Europe.</p>
<p>Wealth businesses generated organic revenue growth from higher levels of Retirement work in North America and Europe and an increase in Investments business due to capital market improvements and growth from LifeSight solution.</p>
<p>Career had organic revenue growth from increased project work and product revenues in Employee Experience and Work &amp; Rewards.</p>
<p>The operating margin was 21.9%, which expanded 360 bps from the prior-year quarter, primarily from operating leverage and Transformation savings.</p>
<p><strong>Risk &amp; Broking:</strong> Total revenues of $979 million increased 9% year over year (10% increase in constant currency as well as on an organic basis) and beat our estimate of $954 million and the Zacks Consensus Estimate $958 million.</p>
<p>Corporate Risk &amp; Broking had organic revenue growth, primarily driven by higher levels of new business activity, strong client retention and renewal increases across all geographies. Insurance Consulting and Technology had flat organic revenue growth in the reported quarter, primarily due to tempered demand for discretionary services.</p>
<p>The operating margin increased 450 bps from the prior-year quarter to 20.6%, primarily due to operating leverage from strong revenue growth in CRB, Transformation savings and interest income.</p>
<h3>Financial Update</h3>
<p>As of Jun 30, 2024, cash and cash equivalents was $1.2 billion, down 22% year over year.</p>
<p>Long-term debt increased 16.2% to $5.3 billion at quarter-end from the end of 2023.</p>
<p>Shareholders&#39; equity decreased 1.9% from the level on Dec 31, 2023, to $9.3 billion as of Jun 30, 2024.</p>
<p>Cash flow from operations was $431 million in the first half of 2024, which inched up 0.2% from the prior-year period.</p>
<p>Free cash flow for the first half of 2024 increased 3.1% to $361 million.</p>
<h3>2024 Outlook</h3>
<p>Willis Towers expects to deliver revenues of more than $9.9 billion.</p>
<p>The insurer projects to deliver an adjusted operating margin in the band of 23-23.5%.&nbsp;</p>
<p>Willis Towers expects to deliver adjusted diluted earnings per share in the range of $16-$17.</p>
<p>WTW expects Transformation Program annual cost savings of $450 million.</p>
<p>The insurer expects approximately $88 million in non-cash pension income. It expects a foreign currency headwind on adjusted earnings per share of approximately 10 cents.</p>
<h3>Zacks Rank</h3>
<p>Willis Towers currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performance of Some Other Insurers</h3>
<p><strong>Brown &amp; Brown, Inc.</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bro#NYSE">BRO</a>) second-quarter 2024 adjusted earnings of 93 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line increased 17.7% year over year. Total revenues of $1.2 billion beat the Zacks Consensus Estimate by 3.3%. The top line improved 12.5% year over year. The upside can be primarily attributed to commission and fees, which grew 11.4% year over year to $1.1 billion. Our estimate for commission and fees growth was 7.2%.</p>
<p>Organic revenues improved 10% to $1 billion in the quarter under review. Investment income more than doubled year over year to $22 million. The Zacks Consensus Estimate for the metric was pegged at $18.6 million and our estimate was $23.2 million. Adjusted EBITDAC was $420 million, up 17.3% year over year. EBITDAC margin expanded 150 bps year over year to 35.7%. Our estimate for adjusted EBITDAC was $411.4 million.</p>
<p><strong>Marsh &amp; McLennan Companies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>) reported second-quarter 2024 adjusted earnings per share of $2.41, which beat the Zacks Consensus Estimate by 0.8%. The bottom line advanced 10% year over year. Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis.</p>
<p>The top line, however, fell short of the consensus mark by 1%. Total operating expenses of $4.58 billion increased 3.6% year over year but were lower than our estimate of $4.62 billion. MMC&#39;s adjusted operating income was $1.72 billion in the second quarter, which grew 11% year over year and beat our estimate of $1.68 billion. Adjusted operating margin improved 130 bps year over year to 29%.</p>
<p><strong>Selective Insurance Group, Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sigi#NASDAQ">SIGI</a>) reported second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate for earnings of $1.56. The company had reported an operating income of 99 cents per share in the prior-year quarter. Total revenues of $1.2 billion increased 15% from the year-ago quarter&#39;s figure, primarily due to higher premiums earned, net investment income and net premiums written. The top line missed the Zacks Consensus Estimate by 1.3%.</p>
<p>On a year-over-year basis, net premium written increased 13% to $1.22 billion. The figure matched our estimate. After-tax net investment income increased 11% year over year to $86 million. After-tax net underwriting loss was $137.2 million against the year-ago underwriting income of $1.2 million. Pre-tax catastrophe losses of $91 million were narrower than a loss of $100 million reported in the year-ago quarter. The combined ratio deteriorated 1,590 bps on a year-over-year basis to 116.1.</p>
<p><a href="https://www.zacks.com/stock/news/2309154/willis-towers-wtw-q2-earnings-beat-estimates-improve-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309154">To read this article on Zacks.com click here.</a></p>


Willis Towers Q2 Earnings Beat Estimates, Improve Y/Y

<p>BMO Capital  analyst Michael Zaremski   maintains Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Market Perform and raises the price target from $92 to $95.</p>


BMO Capital Maintains Market Perform on Selective Insurance Gr, Raises Price Target to $95

<p>JMP Securities  analyst Matthew Carletti   reiterates Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) with a Market Perform.</p>


Reiteration

JMP Securities Reiterates Market Perform on Selective Insurance Gr

JMP Securities analyst Matthew Carletti reiterated a Hold rating on Selective Insurance Group (SIGI – Research Report) today. The company's shares ...

Selective Insurance Group (SIGI) Gets a Hold from JMP Securities

Analyst Grace Carter of Bank of America Securities reiterated a Sell rating on Selective Insurance Group (SIGI – Research Report), boosting the pri...

Selective Insurance Group: Sell Rating Amid Catastrophe Losses and Cautious Outlook

BofA analyst Grace Carter raised the firm's price target on Selective Insurance (SIGI) to $102 from $96 and keeps an Underperform rating on the sha...

Selective Insurance price target raised to $102 from $96 at BofA

Oppenheimer analyst Michael Phillips CFA maintained a Buy rating on Selective Insurance Group (SIGI – Research Report) today and set a price target...

Oppenheimer Reaffirms Their Buy Rating on Selective Insurance Group (SIGI)

Selective Insurance Group, Inc. (SIGI) Q3 2024 Earnings Call Transcript

RBC Capital analyst Mark Dwelle raised the firm's price target on Selective Insurance (SIGI) to $99 from $96 and keeps a Sector Perform rating on t...

Selective Insurance price target raised to $99 from $96 at RBC Capital

Dividend Champion, Contender, And Challenger Highlights: Week Of October 27

BMO Capital analyst Michael Zaremski upgraded Selective Insurance (SIGI) to Outperform from Market Perform with a price target of $105, up from $95...

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