Stock of Selective Insurance Group Inc. (SIGI) performance and profitability takes another direction

A share price of Selective Insurance Group Inc. [SIGI] is currently trading at $94.49, up 0.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SIGI shares have gain 3.13% over the last week, with a monthly amount glided 1.46%, and seem to be holding up well over a long-time horizon.

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On 8, November 2022, AM Best Affirms Credit Ratings of Selective Insurance Group, Inc. and Its Subsidiaries. In a post published today on Yahoo Finance, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the pooled members of Selective Insurance Group (Selective). Additionally, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of the ultimate parent, Selective Insurance Group, Inc. [NASDAQ: SIGI]. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Branchville, NJ. (Please see below for a detailed listing of companies and ratings.).

From an analyst’s perspective:

Selective Insurance Group Inc. [NASDAQ: SIGI] stock has seen the most recent analyst activity on November 11, 2022, when Janney initiated its Neutral rating and assigned the stock a price target of $96. Previously, Morgan Stanley started tracking the stock with Overweight rating on June 27, 2022, and set its price target to $98. On August 17, 2021, Wolfe Research initiated with a Outperform rating and assigned a price target of $91 on the stock. JMP Securities downgraded its rating to a Mkt Perform. Credit Suisse upgraded its rating to Outperform for this stock on May 14, 2020, and upped its price target to $50. In a note dated March 09, 2020, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $65.

Selective Insurance Group Inc. experienced fluctuations in its stock price throughout the past year between $66.81 and $98.80. Currently, Wall Street analysts expect the stock to reach $94.80 within the next 12 months. Selective Insurance Group Inc. [NASDAQ: SIGI] shares were valued at $94.49 at the most recent close of the market. An investor can expect a potential return of 0.33% based on the average SIGI price forecast.

Analyzing the SIGI fundamentals

During the last quarter, Selective Insurance Group Inc. [NASDAQ:SIGI] saw sales of 899.44 billion, an improvement of 3.80%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 93.66 points at the first support level, and at 92.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.00, and for the 2nd resistance point, it is at 95.51.

Selective Insurance Group Inc. [SIGI] reported earnings per share of $1.17 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.23/share, meaning a difference of -$0.06 and a surprise factor of -4.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.41 per share as compared to estimates of $1.47 per share, a difference of -$0.06 representing a surprise of -4.10%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 1.77 and the P/E (TTM) ratio is 25.25.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 1 insider sellings of 5,000 shares. Recent insider trading involved THEBAULT J BRIAN, Director, that happened on Nov 08 when 3269.0 shares were sold. Director, Nicholson Cynthia S completed a deal on Aug 16 to sell 6600.0 shares. Meanwhile, Director THEBAULT J BRIAN sold 13584.0 shares on Jun 01.