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

$96.77
-0.04 (-0.04%)
(As of 05/21/2024 ET)
Today's Range
$96.51
$97.53
50-Day Range
$95.77
$109.17
52-Week Range
$92.06
$109.58
Volume
143,395 shs
Average Volume
378,908 shs
Market Capitalization
$5.88 billion
P/E Ratio
17.10
Dividend Yield
1.45%
Price Target
$105.17

Selective Insurance Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.7% Upside
$105.17 Price Target
Short Interest
Healthy
2.11% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
1.62mentions of Selective Insurance Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$278,041 Sold Last Quarter
Proj. Earnings Growth
18.29%
From $7.00 to $8.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Finance Sector

140th out of 836 stocks

Fire, Marine, & Casualty Insurance Industry

8th out of 51 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 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; 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; 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

Selective Insurance: Time To Be Selective
Selective Insurance declares $0.35 dividend
Selective Reports First Quarter 2024 Results
Selective Insurance Group Inc
Selective Insurance Group Inc.
SIGI Mar 2024 125.000 call
SIGI Mar 2024 80.000 call
Selective Insurance Group Shares Key Financial Data
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Last Earnings
5/01/2024
Ex-Dividend for 6/3 Dividend
5/14/2024
Today
5/22/2024
Dividend Payable
6/03/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Current Symbol
NASDAQ:SIGI
CUSIP
81630010
Employees
2,650
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
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$365.24 million
Pretax Margin
10.15%

Debt

Sales & Book Value

Annual Sales
$4.23 billion
Cash Flow
$6.50 per share
Book Value
$45.46 per share

Miscellaneous

Free Float
60,184,000
Market Cap
$5.88 billion
Optionable
Optionable
Beta
0.55

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Key Executives

  • Mr. John Joseph Marchioni CPCU (Age 54)
    CEO, President & Chairman
    Comp: $3.09M
  • Mr. Anthony David Harnett (Age 51)
    Senior VP & Chief Accounting Officer and Interim CFO
    Comp: $770.19k
  • Mr. Michael Haran Lanza (Age 62)
    Executive VP, General Counsel & Chief Compliance Officer
    Comp: $1.15M
  • Ms. Brenda Marie HallMs. Brenda Marie Hall (Age 53)
    Executive VP & COO of Standard Lines
    Comp: $1.19M
  • Mr. Vincent Matthew Senia (Age 60)
    Executive VP & Chief Actuary
    Comp: $991.73k
  • Mr. Joseph Owen Eppers CFA (Age 55)
    Executive VP & Chief Investment 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
  • Mr. Jeffrey Francis Kamrowski (Age 59)
    Executive Vice President of MUSIC

SIGI Stock Analysis - Frequently Asked Questions

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

6 Wall Street 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 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 brokerages have issued 1 year price objectives for Selective Insurance Group's stock. Their SIGI share price targets range from $93.00 to $120.00. On average, they expect the company's share price to reach $105.17 in the next twelve months. This suggests a possible upside of 8.7% 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 2024?

Selective Insurance Group's stock was trading at $99.48 on January 1st, 2024. Since then, SIGI stock has decreased by 2.7% and is now trading at $96.77.
View the best growth stocks for 2024 here
.

When is Selective Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our SIGI earnings forecast
.

How were Selective Insurance Group's earnings last quarter?

Selective Insurance Group, Inc. (NASDAQ:SIGI) released its earnings results on Wednesday, May, 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by $0.55. The insurance provider earned $1.17 billion during the quarter, compared to analyst estimates of $1.11 billion. Selective Insurance Group had a net margin of 8.02% and a trailing twelve-month return on equity of 13.73%. Selective Insurance Group's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 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, May 1st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.35 per share on Monday, June 3rd. This represents a $1.40 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, May 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 $1.40 per share and currently has a dividend yield of 1.45%. 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 24.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 16.91% 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.81%), Champlain Investment Partners LLC (1.64%), Vaughan Nelson Investment Management L.P. (0.95%), Westfield Capital Management Co. LP (0.84%), Price T Rowe Associates Inc. MD (0.73%) and Silvercrest Asset Management Group LLC (0.56%). Insiders that own company stock include Brenda M Hall, Cynthia S Nicholson, Gregory E Murphy, J Brian Thebault, John Burville, John J Marchioni, Michael J Morrissey, Michael J Morrissey, Vincent M Senia, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SIGI) was last updated on 5/22/2024 by MarketBeat.com Staff

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