Why Is Selective Insurance (SIGI) Down 3% Since Last Earnings Report?

Core Viewpoint - Selective Insurance (SIGI) has experienced a 3% decline in share price over the past month, underperforming the S&P 500, raising questions about its future performance leading up to the next earnings release [1] Estimates Movement - Fresh estimates for Selective Insurance have trended downward over the past month, indicating a negative outlook [2] VGM Scores - Selective Insurance holds a strong Growth Score of A but has a low Momentum Score of F. The stock has a value grade of B, placing it in the top 40% for this investment strategy. The aggregate VGM Score for the stock is A, which is significant for investors not focused on a single strategy [3] Outlook - The overall trend of estimates for Selective Insurance has been downward, with a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - Selective Insurance is part of the Zacks Insurance - Property and Casualty industry. Another player in this sector, Progressive (PGR), has seen a 4.5% increase in share price over the past month. Progressive reported revenues of $20.62 billion for the last quarter, reflecting a year-over-year increase of 20.7% [5] Progressive's Earnings Expectations - Progressive is projected to report earnings of $3.76 per share for the current quarter, which represents a year-over-year increase of 41.9%. The Zacks Consensus Estimate for Progressive has changed by +8.3% over the last 30 days, maintaining a Zacks Rank of 3 (Hold) and a VGM Score of A [6]