Selective Insurance Group Inc. [SIGI] stock prices are up 1.97% to $107.42 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SIGI shares have gain 4.10% over the last week, with a monthly amount glided 3.69%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, Selective Insurance Now Offers the Phyn Smart Water and Leak Detection Solution to Eligible Homeowner Customers. In a post published today on Yahoo Finance, Selective Insurance, a leading business, home, and auto insurer, today announced that it is working with Phyn, the leader in intelligent water solutions, to offer Phyn Plus, its award-winning smart water monitoring device to eligible homeowners policyholders. Phyn’s innovative technology monitors a property’s plumbing system to detect and mitigate leaks before they can cause extensive damage to homes and possessions.
From an analyst’s perspective:
Selective Insurance Group Inc. [NASDAQ: SIGI] stock has seen the most recent analyst activity on November 16, 2023, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $120. Previously, BofA Securities downgraded its rating to Underperform on May 18, 2023, and dropped its price target to $97. On January 20, 2023, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $90 on the stock. Janney started tracking the stock assigning a Neutral rating and suggested a price target of $96 on November 11, 2022. Morgan Stanley initiated its recommendation with a Overweight and recommended $98 as its price target on June 27, 2022. Wolfe Research started tracking with a Outperform rating for this stock on August 17, 2021, and assigned it a price target of $91. In a note dated July 14, 2021, JMP Securities downgraded an Mkt Perform rating on this stock.
The stock price of Selective Insurance Group Inc. [SIGI] has been fluctuating between $91.93 and $108.18 over the past year. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. Selective Insurance Group Inc. [NASDAQ: SIGI] shares were valued at $107.42 at the most recent close of the market. An investor can expect a potential drop of -10.63% based on the average SIGI price forecast.
Analyzing the SIGI fundamentals
The Selective Insurance Group Inc. [NASDAQ:SIGI] reported sales of 4.22B for trailing twelve months, representing a surge of 16.47%. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 106.04 points at the first support level, and at 104.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.36, and for the 2nd resistance point, it is at 109.31.
Selective Insurance Group Inc. [SIGI] reported earnings per share of $1.94 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.94/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.51 per share as compared to estimates of $1.58 per share, a difference of -$0.07 representing a surprise of -4.40%.
Ratios To Look Out For
It’s worth pointing out that Selective Insurance Group Inc. [NASDAQ:SIGI]’s Current Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 18.40.
Transactions by insiders
Recent insider trading involved Hall Brenda M, EVP, COO, Standard Lines, that happened on Mar 04 ’24 when 2626.0 shares were sold. Director, DOHERTY ROBERT KELLY completed a deal on Feb 16 ’24 to sell 2900.0 shares. Meanwhile, Director Cavanaugh Terrence W bought 1000.0 shares on Feb 02 ’24.
