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

6 Wall Street 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 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.
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6 analysts have issued 1 year price objectives for Selective Insurance Group's shares. Their SIGI share price targets range from $93.00 to $120.00. On average, they predict the company's stock price to reach $105.17 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
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Selective Insurance Group's stock was trading at $88.61 at the start of the year. Since then, SIGI stock has increased by 14.4% and is now trading at $101.35.
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Selective Insurance Group saw a increase in short interest in 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. Currently, 2.0% of the shares of the stock are sold short.
View Selective Insurance Group's Short Interest.

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

Selective Insurance Group, Inc. (NASDAQ:SIGI) posted its quarterly earnings results on Wednesday, November, 1st. The insurance provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.66 by $0.15. The insurance provider had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. Selective Insurance Group had a trailing twelve-month return on equity of 13.86% and a net margin of 7.97%. During the same period in the previous year, the business posted $0.99 EPS.

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

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.38%. 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.

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).

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's stock is owned by many different retail and institutional investors. Top institutional investors 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.
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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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