Selective Insurance Gr: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Selective Insurance Gr (NASDAQ:SIGI) reported Q4 earnings with an EPS of $1.94, exactly in line with estimates. Revenue increased by $141.80 million compared to the same period last year. Despite meeting EPS estimates this quarter, a previous earnings miss in Q3 2023 led to a 1.14% share price drop the following day.
January 31, 2024 | 9:40 pm
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Selective Insurance Gr reported Q4 earnings with an EPS of $1.94, in line with estimates, and a significant increase in revenue from the previous year.
Meeting EPS estimates typically reassures investors, suggesting stability in the company's performance. However, the stock price may not move significantly as the results were expected. The previous quarter's miss and subsequent stock drop may cause some caution among investors, but the increase in revenue could counteract that sentiment.
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