Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $97.57 and last traded at $97.90, with a volume of 352714 shares traded. The stock had previously closed at $96.30.
Analyst Ratings Changes
SIGI has been the topic of several research analyst reports. Piper Sandler increased their target price on shares of Selective Insurance Group from $82.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods upped their price target on Selective Insurance Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Selective Insurance Group in a report on Thursday, June 18th. Oppenheimer raised their price objective on Selective Insurance Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Selective Insurance Group in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.67.
Get Our Latest Analysis on SIGI
Selective Insurance Group Price Performance
Selective Insurance Group (NASDAQ:SIGI – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.12). Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Selective Insurance Group, Inc. will post 7.81 earnings per share for the current fiscal year.
Selective Insurance Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. Selective Insurance Group’s payout ratio is currently 23.53%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SIGI. State of Wyoming boosted its position in shares of Selective Insurance Group by 17.7% during the fourth quarter. State of Wyoming now owns 750 shares of the insurance provider’s stock valued at $63,000 after buying an additional 113 shares during the last quarter. Oak Associates Ltd. OH raised its position in Selective Insurance Group by 1.8% in the 1st quarter. Oak Associates Ltd. OH now owns 7,124 shares of the insurance provider’s stock valued at $537,000 after buying an additional 125 shares during the last quarter. True Wealth Design LLC lifted its stake in Selective Insurance Group by 45.9% during the 4th quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 129 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Selective Insurance Group by 4.0% during the 3rd quarter. Merit Financial Group LLC now owns 3,345 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 129 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Selective Insurance Group by 38.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 555 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 82.88% of the company’s stock.
About Selective Insurance Group
Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.
The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.
Read More
- Five stocks we like better than Selective Insurance Group
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Receive News & Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.
