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S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher
The Bio-Tech Stock That Needs Your Attention! (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
The Bio-Tech Stock That Needs Your Attention! (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
66,000% upside on tiny biotech? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher
The Bio-Tech Stock That Needs Your Attention! (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
The Bio-Tech Stock That Needs Your Attention! (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
66,000% upside on tiny biotech? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher
The Bio-Tech Stock That Needs Your Attention! (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
The Bio-Tech Stock That Needs Your Attention! (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
66,000% upside on tiny biotech? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
NASDAQ:SIGI

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

$104.20
-0.65 (-0.62%)
(As of 09/28/2023 ET)
Compare
Today's Range
$104.00
$105.71
50-Day Range
$97.21
$105.49
52-Week Range
$79.68
$105.84
Volume
214,295 shs
Average Volume
261,734 shs
Market Capitalization
$6.31 billion
P/E Ratio
23.47
Dividend Yield
1.15%
Price Target
$101.86

Selective Insurance Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.2% Downside
$101.86 Price Target
Short Interest
Bearish
2.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.94mentions of Selective Insurance Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$703,804 Sold Last Quarter
Proj. Earnings Growth
24.71%
From $6.11 to $7.62 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Finance Sector

386th out of 872 stocks

Fire, Marine, & Casualty Insurance Industry

18th out of 47 stocks


SIGI stock logo

About Selective Insurance Group (NASDAQ:SIGI) Stock

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 Price History

SIGI Stock News Headlines

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Selective Reports Second Quarter 2023 Results
Selective Insurance (SIGI) Q2 Earnings Meet Estimates
SIGI - Selective Insurance Group, Inc.
What 5 Analyst Ratings Have To Say About Selective Insurance Gr
See More Headlines
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SIGI Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/1 Dividend
8/14/2023
Dividend Payable
9/01/2023
Today
9/29/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$101.86
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$224.89 million
Pretax Margin
8.99%

Debt

Sales & Book Value

Annual Sales
$3.56 billion
Cash Flow
$5.87 per share
Book Value
$38.62 per share

Miscellaneous

Free Float
59,658,000
Market Cap
$6.31 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. John Joseph Marchioni CPCU (Age 53)
    CEO, Pres & Chairman
    Comp: $3.18M
  • Mr. Mark Alexander Wilcox (Age 55)
    Exec. VP & CFO
    Comp: $1.86M
  • Mr. Michael Haran Lanza (Age 61)
    Exec. VP, Gen. Counsel & Chief Compliance Officer
    Comp: $1.17M
  • Ms. Brenda Marie HallMs. Brenda Marie Hall (Age 52)
    Exec. VP & COO of Standard Lines
    Comp: $1.15M
  • Mr. Vincent Matthew Senia (Age 59)
    Exec. VP & Chief Actuary
    Comp: $999.14k
  • Mr. Joseph Owen Eppers CFA
    Exec. VP & Chief Investment Officer
  • Mr. Anthony David Harnett (Age 50)
    Sr. VP & Chief Accounting Officer
  • Mr. John Patrick Bresney
    Exec. VP & Chief Information Officer
  • Mr. Brad Bryant Wilson
    Sr. VP of Investor Relations & Treasurer
  • Mr. Rohit Mull
    Exec. VP, Chief Marketing & Innovation Officer













SIGI Stock - Frequently Asked Questions

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

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.

What is Selective Insurance Group's stock price forecast for 2023?

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.

How have SIGI shares performed in 2023?

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.
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 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
.

When is Selective Insurance Group's next earnings date?

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

How were Selective Insurance Group's earnings last quarter?

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.

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, 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
.

Is Selective Insurance Group a good dividend stock?

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.

What guidance has Selective Insurance Group issued on next quarter's earnings?

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 -.

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).

What is Selective Insurance Group's stock symbol?

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

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.

What is Selective Insurance Group's stock price today?

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

How much money does Selective Insurance Group make?

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.

How many employees does Selective Insurance Group have?

The company employs 2,520 workers across the globe.

How can I contact Selective Insurance Group?

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.

This page (NASDAQ:SIGI) was last updated on 9/29/2023 by MarketBeat.com Staff

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