NASDAQ:SIGI Selective Insurance Group (SIGI) Stock Forecast, Price & News $104.20 -0.65 (-0.62%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$104.00▼$105.7150-Day Range$97.21▼$105.4952-Week Range$79.68▼$105.84Volume214,295 shsAverage Volume261,734 shsMarket Capitalization$6.31 billionP/E Ratio23.47Dividend Yield1.15%Price Target$101.86 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Selective Insurance Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.2% Downside$101.86 Price TargetShort InterestBearish2.11% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews Sentiment0.94Based on 9 Articles This WeekInsider TradingSelling Shares$703,804 Sold Last QuarterProj. Earnings Growth24.71%From $6.11 to $7.62 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector386th out of 872 stocksFire, Marine, & Casualty Insurance Industry18th out of 47 stocks 1.0 Analyst's Opinion Consensus RatingSelective Insurance Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $101.86, Selective Insurance Group has a forecasted downside of 2.2% from its current price of $104.20.Amount of Analyst CoverageSelective Insurance Group has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.11% of the float of Selective Insurance Group has been sold short.Short Interest Ratio / Days to CoverSelective Insurance Group has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Selective Insurance Group has recently increased by 20.00%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldSelective Insurance Group pays a meaningful dividend of 1.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSelective Insurance Group has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Selective Insurance Group is 27.03%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Selective Insurance Group will have a dividend payout ratio of 15.75% next year. This indicates that Selective Insurance Group will be able to sustain or increase its dividend. Previous Next 1.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSelective Insurance Group has received a -21.54% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Physical diseases". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Builder's risk insurance for businesses", "Passenger car insurance services for individuals", and "Passenger car insurance services for businesses" products. See details.Environmental SustainabilityThe Environmental Impact score for Selective Insurance Group is -0.82. Previous Next 3.3 News and Social Media Coverage News SentimentSelective Insurance Group has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Selective Insurance Group this week, compared to 3 articles on an average week.MarketBeat Follows87 people have added Selective Insurance Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Selective Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $703,804.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of Selective Insurance Group is held by insiders.Percentage Held by Institutions83.66% of the stock of Selective Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Selective Insurance Group are expected to grow by 24.71% in the coming year, from $6.11 to $7.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Selective Insurance Group is 23.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Selective Insurance Group is 23.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.92.Price to Earnings Growth RatioSelective Insurance Group has a PEG Ratio of 0.81. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSelective Insurance Group has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Selective Insurance Group (NASDAQ:SIGI) StockSelective 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.Read More SIGI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SIGI Stock News HeadlinesSeptember 27, 2023 | finance.yahoo.comSelective Insurance (SIGI) Rises 18.9% YTD: More Room to Run?September 27, 2023 | americanbankingnews.comSelective Insurance Group, Inc. (NASDAQ:SIGI) Given Consensus Recommendation of "Hold" by AnalystsSeptember 29, 2023 | Chaikin Analytics (Ad)Get Your Cash Out of U.S. Banks ImmediatelyMan who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.September 24, 2023 | americanbankingnews.comSelective Insurance Group (NASDAQ:SIGI) Reaches New 1-Year High at $105.59September 22, 2023 | americanbankingnews.comSelective Insurance Group, Inc. (NASDAQ:SIGI) Expected to Earn Q3 2023 Earnings of $1.63 Per ShareSeptember 1, 2023 | finance.yahoo.comSelective Insurance (SIGI) Down 2.6% Since Last Earnings Report: Can It Rebound?August 29, 2023 | msn.comSelective Insurance Group, Inc. 4.60 DP SH PFD B goes ex-dividend tomorrowAugust 29, 2023 | finance.yahoo.comSelective to Present at the 2023 Keefe, Bruyette & Woods Insurance ConferenceSeptember 29, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! August 9, 2023 | finance.yahoo.comHere's What We Like About Selective Insurance Group's (NASDAQ:SIGI) Upcoming DividendAugust 3, 2023 | finance.yahoo.comSelective Insurance (SIGI) Q2 Earnings Meet, Revenues Rise Y/YAugust 3, 2023 | finance.yahoo.comSelective Reports Second Quarter 2023 ResultsAugust 3, 2023 | finance.yahoo.comSelective Insurance (SIGI) Q2 Earnings Meet EstimatesAugust 3, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Selective Insurance (SIGI) Q2 EarningsJuly 27, 2023 | nasdaq.comRBC Capital Reiterates Selective Insurance Group (SIGI) Sector Perform RecommendationJuly 27, 2023 | nasdaq.comB of A Securities Maintains Selective Insurance Group (SIGI) Underperform RecommendationJuly 24, 2023 | finance.yahoo.comSelective Insurance Group, Inc. Announces Preliminary Second Quarter 2023 Results, Including Catastrophe Loss EstimatesJuly 18, 2023 | finance.yahoo.comSelective Insurance Earns Fourth Consecutive Great Place To Work Certification™July 15, 2023 | finance.yahoo.comAre Selective Insurance Group, Inc.'s (NASDAQ:SIGI) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?July 11, 2023 | markets.businessinsider.comRBC Capital Keeps Their Hold Rating on Selective Insurance Group (SIGI)July 6, 2023 | finance.yahoo.comSelective Insurance Schedules Earnings Release and Conference Call to Announce Second Quarter 2023 ResultsJuly 1, 2023 | finance.yahoo.comSIGI - Selective Insurance Group, Inc.June 14, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Selective Insurance GrJune 2, 2023 | finance.yahoo.comWhy Is Selective Insurance (SIGI) Down 5.7% Since Last Earnings Report?May 28, 2023 | finance.yahoo.comWith 86% ownership of the shares, Selective Insurance Group, Inc. (NASDAQ:SIGI) is heavily dominated by institutional ownersMay 23, 2023 | finance.yahoo.comSelective Insurance (SIGI) Up 16% YTD: More Upside Left?May 18, 2023 | msn.comB of A Securities Downgrades Selective Insurance Group (SIGI)See More Headlines Receive SIGI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Selective Insurance Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SIGI Company Calendar Last Earnings8/02/2023Ex-Dividend for 9/1 Dividend8/14/2023Dividend Payable9/01/2023Today9/29/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNASDAQ:SIGI CUSIP81630010 CIK230557 Webwww.selective.com Phone(973) 948-3000Fax973-948-0282Employees2,520Year Founded1926Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$4.44 Trailing P/E Ratio23.47 Forward P/E Ratio17.05 P/E Growth0.81Net Income$224.89 million Net Margins7.15% Pretax Margin8.99% Return on Equity12.83% Return on Assets2.80% Debt Debt-to-Equity Ratio0.20 Current Ratio0.31 Quick Ratio0.31 Sales & Book Value Annual Sales$3.56 billion Price / Sales1.77 Cash Flow$5.87 per share Price / Cash Flow17.75 Book Value$38.62 per share Price / Book2.70Miscellaneous Outstanding Shares60,570,000Free Float59,658,000Market Cap$6.31 billion OptionableOptionable Beta0.61 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. John Joseph Marchioni CPCU (Age 53)CEO, Pres & Chairman Comp: $3.18MMr. Mark Alexander Wilcox (Age 55)Exec. VP & CFO Comp: $1.86MMr. Michael Haran Lanza (Age 61)Exec. VP, Gen. Counsel & Chief Compliance Officer Comp: $1.17MMs. Brenda Marie Hall (Age 52)Exec. VP & COO of Standard Lines Comp: $1.15MMr. Vincent Matthew Senia (Age 59)Exec. VP & Chief Actuary Comp: $999.14kMr. Joseph Owen Eppers CFAExec. VP & Chief Investment OfficerMr. Anthony David Harnett (Age 50)Sr. VP & Chief Accounting Officer Mr. John Patrick BresneyExec. VP & Chief Information OfficerMr. Brad Bryant WilsonSr. VP of Investor Relations & TreasurerMr. Rohit MullExec. VP, Chief Marketing & Innovation OfficerMore ExecutivesKey CompetitorsRLINYSE:RLIAXIS CapitalNYSE:AXSThe Hanover Insurance GroupNYSE:THGWhite Mountains Insurance GroupNYSE:WTMCNA FinancialNYSE:CNAView All CompetitorsInsiders & InstitutionsJohn J MarchioniSold 2,976 sharesTotal: $297,421.44 ($99.94/share)Alamar Capital Management LLCBought 1,501 shares on 8/24/2023Ownership: 0.047%Virginia Retirement Systems ET ALBought 3,400 shares on 8/22/2023Ownership: 0.006%California State Teachers Retirement SystemSold 1,885 shares on 8/21/2023Ownership: 0.121%Teachers Retirement System of The State of KentuckyBought 4,218 shares on 8/21/2023Ownership: 0.045%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Selective Insurance Group's stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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