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NASDAQ:SIGI

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

$101.93
+0.51 (+0.50%)
(As of 02:24 PM ET)
Today's Range
$100.63
$102.43
50-Day Range
$100.08
$109.17
52-Week Range
$91.99
$109.58
Volume
185,994 shs
Average Volume
306,214 shs
Market Capitalization
$6.20 billion
P/E Ratio
17.48
Dividend Yield
1.37%
Price Target
$105.17

Selective Insurance Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.1% Upside
$105.17 Price Target
Short Interest
Healthy
1.69% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.69mentions of Selective Insurance Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$278,041 Sold Last Quarter
Proj. Earnings Growth
9.91%
From $7.67 to $8.43 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.

4.73 out of 5 stars

Finance Sector

111th out of 845 stocks

Fire, Marine, & Casualty Insurance Industry

6th 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 Group Inc
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
Selective Insurance Group Inc.
SIGI Mar 2024 125.000 call
SIGI Mar 2024 80.000 call
Selective Insurance Group Shares Key Financial Data
Q4 2023 Selective Insurance Group Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/01/2024
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
+3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$365.24 million
Pretax Margin
10.83%

Debt

Sales & Book Value

Annual Sales
$4.23 billion
Cash Flow
$6.68 per share
Book Value
$45.46 per share

Miscellaneous

Free Float
59,879,000
Market Cap
$6.20 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 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 analysts have issued 1 year target prices 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 3.1% 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 at the beginning of the year. Since then, SIGI stock has increased by 2.6% and is now trading at $102.02.
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, May 1st 2024.
View our SIGI earnings forecast
.

How can I listen to Selective Insurance Group's earnings call?

Selective Insurance Group will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Selective Insurance Group's earnings last quarter?

Selective Insurance Group, Inc. (NASDAQ:SIGI) released its quarterly earnings data on Wednesday, January, 31st. The insurance provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.92 by $0.02. The insurance provider had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Selective Insurance Group had a net margin of 8.57% and a trailing twelve-month return on equity of 14.43%.

How often does Selective Insurance Group pay dividends? What is the dividend yield for Selective Insurance Group?

Selective Insurance Group announced a quarterly dividend on Wednesday, January 31st. Investors of record on Thursday, February 15th will be given a dividend of $0.35 per share on Friday, March 1st. This represents a $1.40 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, February 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 1.39%. 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 24.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 16.61% 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 investors include Vaughan Nelson Investment Management L.P. (0.95%), Tributary Capital Management LLC (0.46%), Los Angeles Capital Management LLC (0.04%), Ausbil Investment Management Ltd (0.03%), Allspring Global Investments Holdings LLC (0.03%) and State of Michigan Retirement System (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SIGI) was last updated on 4/19/2024 by MarketBeat.com Staff

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