Selective Insurance Group (SIGI) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 1 sell rating, 5 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.

7 brokerages have issued 12 month price targets for Selective Insurance Group's stock. Their SIGI share price forecasts range from $93.00 to $110.00. On average, they anticipate the company's stock price to reach $101.86 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for SIGI or view top-rated stocks among Wall Street analysts.

Selective Insurance Group's stock was trading at $88.61 at the start of the year. Since then, SIGI stock has increased by 17.6% and is now trading at $104.20.
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Selective Insurance Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,260,000 shares, an increase of 20.0% from the August 31st total of 1,050,000 shares. Based on an average daily volume of 226,300 shares, the days-to-cover ratio is presently 5.6 days. Approximately 2.1% of the shares of the company are sold short.
View Selective Insurance Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SIGI earnings forecast.

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced its quarterly earnings results on Wednesday, August, 2nd. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The insurance provider earned $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Selective Insurance Group had a net margin of 7.15% and a trailing twelve-month return on equity of 12.83%. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share.

Selective Insurance Group declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.30 per share on Friday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for SIGI.

ETFs with the largest weight of Selective Insurance Group (NASDAQ:SIGI) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), JPMorgan Active Small Cap Value ETF (JPSV), SPDR S&P Insurance ETF (KIE), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco Dorsey Wright Financial Momentum ETF (PFI), Invesco S&P MidCap Momentum ETF (XMMO), iShares U.S. Insurance ETF (IAK) and WisdomTree U.S. Multifactor Fund (USMF).

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 27.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 15.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIGI.

Selective Insurance Group issued an update on its second quarter 2023 earnings guidance on Monday, July, 24th. The company provided EPS guidance of $0.99-$0.99 for the period. The company issued revenue guidance of -.

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.

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).

Selective Insurance Group trades on the NASDAQ under the ticker symbol "SIGI."

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.
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One share of SIGI stock can currently be purchased for approximately $104.20.

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $6.31 billion and generates $3.56 billion in revenue each year. The insurance provider earns $224.89 million in net income (profit) each year or $4.44 on an earnings per share basis.

The company employs 2,520 workers across the globe.

Selective Insurance Group's mailing address is 40 WANTAGE AVENUE, BRANCHVILLE NJ, 07890. The official website for the company is www.selective.com. The insurance provider can be reached via phone at (973) 948-3000, via email at investor.relations@selective.com, or via fax at 973-948-0282.