Selective Insurance Group Inc. [SIGI] stock prices are up 2.55% to $91.12 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SIGI shares have gain 11.01% over the last week, with a monthly amount glided 0.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Selective Insurance Group Inc. [NASDAQ: SIGI] stock has seen the most recent analyst activity on July 22, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also revised its price target to $99 from $104. Previously, Oppenheimer started tracking the stock with Outperform rating on November 16, 2023, and set its price target to $120. On May 18, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $97 on the stock. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $90 on January 20, 2023. Janney initiated its recommendation with a Neutral and recommended $96 as its price target on November 11, 2022. Morgan Stanley started tracking with a Overweight rating for this stock on June 27, 2022, and assigned it a price target of $98. In a note dated August 17, 2021, Wolfe Research initiated an Outperform rating and provided a target price of $91 on this stock.
The stock price of Selective Insurance Group Inc. [SIGI] has been fluctuating between $81.00 and $109.58 over the past year. Currently, Wall Street analysts expect the stock to reach $93 within the next 12 months. Selective Insurance Group Inc. [NASDAQ: SIGI] shares were valued at $91.12 at the most recent close of the market. An investor can expect a potential return of 2.06% based on the average SIGI price forecast.
Analyzing the SIGI fundamentals
The Selective Insurance Group Inc. [NASDAQ:SIGI] reported sales of 4.55B for trailing twelve months, representing a surge of 15.15%. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 89.89 points at the first support level, and at 88.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.80, and for the 2nd resistance point, it is at 92.48.
Ratios To Look Out For
It’s worth pointing out that Selective Insurance Group Inc. [NASDAQ:SIGI]’s Current Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 24.85.
Transactions by insiders
Recent insider trading involved Cavanaugh Terrence W, Director, that happened on Jul 23 ’24 when 2000.0 shares were purchased. President and CEO, Marchioni John J. completed a deal on Jul 22 ’24 to buy 2400.0 shares. Meanwhile, EVP, COO, Standard Lines Hall Brenda M sold 2626.0 shares on Mar 04 ’24.
