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S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
All the trading advice you’ve ever received boils down to this (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
All the trading advice you’ve ever received boils down to this (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
All the trading advice you’ve ever received boils down to this (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
All the trading advice you’ve ever received boils down to this (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
All the trading advice you’ve ever received boils down to this (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
All the trading advice you’ve ever received boils down to this (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Selective Insurance Group Stock Price, News & Analysis (NASDAQ:SIGI)

$101.69
+2.66 (+2.69%)
(As of 11/30/2023 ET)
Compare
Today's Range
$99.23
$101.85
50-Day Range
$99.03
$106.90
52-Week Range
$84.47
$108.18
Volume
385,112 shs
Average Volume
267,367 shs
Market Capitalization
$6.16 billion
P/E Ratio
19.56
Dividend Yield
1.38%
Price Target
$105.17

Selective Insurance Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.4% Upside
$105.17 Price Target
Short Interest
Bearish
2.00% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.71mentions of Selective Insurance Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$2.13 M Sold Last Quarter
Proj. Earnings Growth
32.02%
From $5.84 to $7.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Finance Sector

358th out of 856 stocks

Fire, Marine, & Casualty Insurance Industry

20th out of 50 stocks


SIGI stock logo

About Selective Insurance Group Stock (NASDAQ:SIGI)

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; casualty insurance products that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. The company was founded in 1926 and is headquartered in Branchville, New Jersey.

SIGI Stock Price History

SIGI Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Selective Insurance Group Inc SIGI
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Selective Reports Third Quarter 2023 Results
Analyst Expectations for Selective Insurance Gr's Future
Selective Insurance Group CFO Mark Wilcox Resigns
Selective Announces CFO Transition
Selective Reports Second Quarter 2023 Results
Selective Insurance (SIGI) Q2 Earnings Meet Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 9/1 Dividend
8/14/2023
Dividend Payable
9/01/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/1 Dividend
11/14/2023
Today
11/30/2023
Dividend Payable
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/01/2024

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
Current Symbol
NASDAQ:SIGI
CUSIP
81630010
Employees
2,520
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$105.17
High Stock Price Target
$120.00
Low Stock Price Target
$93.00
Potential Upside/Downside
+3.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$224.89 million
Pretax Margin
10.05%

Debt

Sales & Book Value

Annual Sales
$3.56 billion
Cash Flow
$6.01 per share
Book Value
$40.35 per share

Miscellaneous

Free Float
59,679,000
Market Cap
$6.16 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. John Joseph Marchioni CPCU (Age 53)
    CEO, President & Chairman
    Comp: $3.18M
  • Mr. Michael Haran Lanza (Age 61)
    Executive VP, General Counsel & Chief Compliance Officer
    Comp: $1.17M
  • Ms. Brenda Marie HallMs. Brenda Marie Hall (Age 52)
    Executive VP & COO of Standard Lines
    Comp: $1.15M
  • Mr. Vincent Matthew Senia (Age 59)
    Executive VP & Chief Actuary
    Comp: $999.14k
  • Mr. Anthony David Harnett (Age 50)
    Senior VP & Chief Accounting Officer and Interim CFO
  • Mr. Joseph Owen Eppers CFA
    Executive VP & Chief Investment Officer
  • Mr. John Patrick Bresney
    Executive VP & Chief Information Officer
  • Mr. Brad Bryant Wilson
    Senior VP of Investor Relations & Treasurer
  • Mr. Rohit Mull
    Executive VP, Chief Marketing & Innovation Officer
  • Ms. Lucinda Bennett
    Executive VP & Chief HR Officer














SIGI Stock Analysis - Frequently Asked Questions

Should I buy or sell Selective Insurance Group stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SIGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIGI, but not buy additional shares or sell existing shares.
View SIGI analyst ratings
or view top-rated stocks.

What is Selective Insurance Group's stock price target for 2024?

6 equities research analysts have issued 12-month price objectives for Selective Insurance Group's shares. Their SIGI share price targets range from $93.00 to $120.00. On average, they expect the company's stock price to reach $105.17 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for SIGI
or view top-rated stocks among Wall Street analysts.

How have SIGI shares performed in 2023?

Selective Insurance Group's stock was trading at $88.61 on January 1st, 2023. Since then, SIGI shares have increased by 14.8% and is now trading at $101.69.
View the best growth stocks for 2023 here
.

Are investors shorting Selective Insurance Group?

Selective Insurance Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,190,000 shares, an increase of 19.0% from the October 31st total of 1,000,000 shares. Based on an average daily trading volume, of 244,800 shares, the days-to-cover ratio is currently 4.9 days. Approximately 2.0% of the company's shares are sold short.
View Selective Insurance Group's Short Interest
.

When is Selective Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our SIGI earnings forecast
.

How were Selective Insurance Group's earnings last quarter?

Selective Insurance Group, Inc. (NASDAQ:SIGI) released its quarterly earnings data on Wednesday, November, 1st. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by $0.15. The insurance provider earned $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. Selective Insurance Group had a net margin of 7.97% and a trailing twelve-month return on equity of 13.86%. During the same quarter in the prior year, the company earned $0.99 earnings per share.

How often does Selective Insurance Group pay dividends? What is the dividend yield for Selective Insurance Group?

Selective Insurance Group declared a quarterly dividend on Wednesday, November 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.35 per share on Friday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 14th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for SIGI
.

Is Selective Insurance Group a good dividend stock?

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.39%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 18.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIGI.

What is John Marchioni's approval rating as Selective Insurance Group's CEO?

10 employees have rated Selective Insurance Group Chief Executive Officer John Marchioni on Glassdoor.com. John Marchioni has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Selective Insurance Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Selective Insurance Group investors own include AbbVie (ABBV), Pfizer (PFE), Simon Property Group (SPG), Abbott Laboratories (ABT), Gilead Sciences (GILD), International Paper (IP), Coca-Cola (KO), Altria Group (MO), Public Service Enterprise Group (PEG) and Starbucks (SBUX).

Who are Selective Insurance Group's major shareholders?

Selective Insurance Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (6.38%), Morgan Stanley (3.37%), Victory Capital Management Inc. (1.72%), Northern Trust Corp (1.62%), Boston Trust Walden Corp (1.59%) and Bank of New York Mellon Corp (1.53%). Insiders that own company stock include Brenda M Hall, Colby 2014 Family Trust, Cynthia S Nicholson, Gregory E Murphy, Gregory E Murphy, J Brian Thebault, John Burville, John J Marchioni, Michael J Morrissey, Michael J Morrissey, Vincent M Senia, William M Rue, Wole C Coaxum and Wole C Coaxum.
View institutional ownership trends
.

How do I buy shares of Selective Insurance Group?

Shares of SIGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SIGI) was last updated on 12/1/2023 by MarketBeat.com Staff

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