Selective Insurance Group Stock Price, News & Analysis (NASDAQ:SIGI) $101.69 +2.66 (+2.69%) (As of 11/30/2023 ET) Add Compare Share Share Today's Range$99.23▼$101.8550-Day Range$99.03▼$106.9052-Week Range$84.47▼$108.18Volume385,112 shsAverage Volume267,367 shsMarket Capitalization$6.16 billionP/E Ratio19.56Dividend Yield1.38%Price Target$105.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Selective Insurance Group MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside3.4% Upside$105.17 Price TargetShort InterestBearish2.00% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews Sentiment0.71Based on 3 Articles This WeekInsider TradingSelling Shares$2.13 M Sold Last QuarterProj. Earnings Growth32.02%From $5.84 to $7.71 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.2.35 out of 5 starsFinance Sector358th out of 856 stocksFire, Marine, & Casualty Insurance Industry20th out of 50 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, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $105.17, Selective Insurance Group has a forecasted upside of 3.4% from its current price of $101.69.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 Shorted2.00% 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 4.9.Change versus previous monthShort interest in Selective Insurance Group has recently increased by 19.00%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldSelective Insurance Group pays a meaningful dividend of 1.39%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSelective Insurance Group has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Selective Insurance Group is 26.92%. 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 18.16% 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 1.5 News and Social Media Coverage News SentimentSelective Insurance Group has a news sentiment score of 0.71. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Selective Insurance Group this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 23 people have added Selective Insurance Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 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 $2,132,621.00 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 32.02% in the coming year, from $5.84 to $7.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Selective Insurance Group is 19.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Selective Insurance Group is 19.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.87.Price to Earnings Growth RatioSelective Insurance Group has a PEG Ratio of 0.72. 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 2.52. 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 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 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SIGI Stock News HeadlinesNovember 29, 2023 | finance.yahoo.comInvesting in Selective Insurance Group (NASDAQ:SIGI) three years ago would have delivered you a 65% gainNovember 17, 2023 | finance.yahoo.comOppenheimer Says These Are the Best Value Stocks in the P&C Insurance Industry — and They Could Outperform the MarketDecember 1, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 17, 2023 | msn.comOppenheimer Initiates Coverage of Selective Insurance Group (SIGI) with Outperform RecommendationNovember 12, 2023 | morningstar.comSelective Insurance Group Inc SIGINovember 5, 2023 | finance.yahoo.comSelective Insurance Group, Inc. (NASDAQ:SIGI) Q3 2023 Earnings Call TranscriptNovember 5, 2023 | finance.yahoo.comSelective Insurance Group (NASDAQ:SIGI) Has Announced That It Will Be Increasing Its Dividend To $0.35November 2, 2023 | finance.yahoo.comSelective Insurance (SIGI) Q3 Earnings Lag on Higher ExpensesDecember 1, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 1, 2023 | finance.yahoo.comSelective Insurance (SIGI) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesNovember 1, 2023 | finance.yahoo.comSelective Reports Third Quarter 2023 ResultsNovember 1, 2023 | finance.yahoo.comSelective Insurance Group Inc (SIGI) Reports 17% Increase in Net Premiums Written in Q3 2023October 6, 2023 | markets.businessinsider.comAnalyst Expectations for Selective Insurance Gr's FutureOctober 5, 2023 | finance.yahoo.comAscot Group Names Mark Wilcox as Chief Financial OfficerOctober 3, 2023 | markets.businessinsider.comSelective Insurance Group CFO Mark Wilcox ResignsOctober 3, 2023 | finance.yahoo.comSelective Announces CFO TransitionOctober 2, 2023 | finance.yahoo.comSelective Insurance Schedules Earnings Release and Conference Call to Announce Third Quarter 2023 ResultsSeptember 27, 2023 | finance.yahoo.comSelective Insurance (SIGI) Rises 18.9% YTD: More Room to Run?September 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 ConferenceAugust 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 RecommendationSee 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 Company Calendar Ex-Dividend for 9/1 Dividend8/14/2023Dividend Payable9/01/2023Last Earnings11/01/2023Ex-Dividend for 12/1 Dividend11/14/2023Today11/30/2023Dividend Payable12/01/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/01/2024Get 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 Target$105.17 High Stock Price Target$120.00 Low Stock Price Target$93.00 Potential Upside/Downside+3.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$5.20 Trailing P/E Ratio19.56 Forward P/E Ratio17.41 P/E Growth0.72Net Income$224.89 million Net Margins7.97% Pretax Margin10.05% Return on Equity13.86% Return on Assets3.03% Debt Debt-to-Equity Ratio0.21 Current Ratio0.31 Quick Ratio0.31 Sales & Book Value Annual Sales$3.56 billion Price / Sales1.73 Cash Flow$6.01 per share Price / Cash Flow16.92 Book Value$40.35 per share Price / Book2.52Miscellaneous Outstanding Shares60,590,000Free Float59,679,000Market Cap$6.16 billion OptionableOptionable Beta0.61 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. John Joseph Marchioni CPCU (Age 53)CEO, President & Chairman Comp: $3.18MMr. Michael Haran Lanza (Age 61)Executive VP, General Counsel & Chief Compliance Officer Comp: $1.17MMs. Brenda Marie Hall (Age 52)Executive VP & COO of Standard Lines Comp: $1.15MMr. Vincent Matthew Senia (Age 59)Executive VP & Chief Actuary Comp: $999.14kMr. Anthony David Harnett (Age 50)Senior VP & Chief Accounting Officer and Interim CFO Mr. Joseph Owen Eppers CFAExecutive VP & Chief Investment OfficerMr. John Patrick BresneyExecutive VP & Chief Information OfficerMr. Brad Bryant WilsonSenior VP of Investor Relations & TreasurerMr. Rohit MullExecutive VP, Chief Marketing & Innovation OfficerMs. Lucinda BennettExecutive VP & Chief HR OfficerMore ExecutivesKey CompetitorsRLINYSE:RLIAXIS CapitalNYSE:AXSThe Hanover Insurance GroupNYSE:THGWhite Mountains Insurance GroupNYSE:WTMMercury GeneralNYSE:MCYView All CompetitorsInsiders & InstitutionsAmerican Century Companies Inc.Sold 253,383 shares on 11/30/2023Ownership: 0.509%Alamar Capital Management LLCBought 3,312 shares on 11/29/2023Ownership: 0.052%Deutsche Bank AGBought 3,599 shares on 11/24/2023Ownership: 0.161%EP Wealth Advisors LLCSold 88,337 shares on 11/24/2023Ownership: 0.005%Comerica BankBought 27,837 shares on 11/21/2023Ownership: 0.046%View All Insider TransactionsView All Institutional Transactions SIGI Stock Analysis - Frequently Asked Questions Should I buy or sell Selective Insurance Group stock right now? 6 Wall Street equities 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 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 target for 2024? 6 equities research analysts have issued 12-month price objectives for Selective Insurance Group's shares. Their SIGI share price targets range from $93.00 to $120.00. On average, they expect the company's stock price to reach $105.17 in the next twelve months. This suggests a possible upside of 3.4% 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 2023? Selective Insurance Group's stock was trading at $88.61 on January 1st, 2023. Since then, SIGI shares have increased by 14.8% and is now trading at $101.69. 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 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. Approximately 2.0% of the company's shares 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 Thursday, February 1st 2024. View our SIGI earnings forecast. How were Selective Insurance Group's earnings last quarter? Selective Insurance Group, Inc. (NASDAQ:SIGI) released its quarterly earnings data on Wednesday, November, 1st. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by $0.15. The insurance provider earned $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. Selective Insurance Group had a net margin of 7.97% and a trailing twelve-month return on equity of 13.86%. During the same quarter in the prior year, the company earned $0.99 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, November 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.35 per share on Friday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 14th. This is a boost from the stock's previous quarterly dividend of $0.30. 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 1.39%. 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. 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). 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 many different retail and institutional investors. Top institutional shareholders 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:SIGI) was last updated on 12/1/2023 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. Adding Selective Insurance Group, Inc. 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