Selective Insurance Group Stock Forecast, Price & News

Selective Insurance Group's stock was trading at $51.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SIGI shares have increased by 31.1% and is now trading at $67.91.
View which stocks have been most impacted by COVID-19.

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Selective Insurance Group stock.
View analyst ratings for Selective Insurance Group or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Selective Insurance Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Selective Insurance Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Selective Insurance Group is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Selective Insurance Group.

Selective Insurance Group will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Selective Insurance Group, Inc. (NASDAQ:SIGI) issued its quarterly earnings data on Wednesday, October, 28th. The insurance provider reported $1.06 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.18 by $0.12. The insurance provider earned $768.80 million during the quarter, compared to the consensus estimate of $748.47 million. Selective Insurance Group had a net margin of 6.73% and a return on equity of 9.90%.
View Selective Insurance Group's earnings history.

Selective Insurance Group announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 13th will be given a dividend of $0.25 per share on Tuesday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, November 12th. This is a positive change from Selective Insurance Group's previous quarterly dividend of $0.23.
View Selective Insurance Group's dividend history.

Selective Insurance Group pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.46%. Selective Insurance Group has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Selective Insurance Group is 22.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Selective Insurance Group will have a dividend payout ratio of 24.69% next year. This indicates that Selective Insurance Group will be able to sustain or increase its dividend.
View Selective Insurance Group's dividend history.

4 Wall Street analysts have issued 1 year target prices for Selective Insurance Group's shares. Their forecasts range from $48.00 to $71.00. On average, they anticipate Selective Insurance Group's stock price to reach $61.50 in the next twelve months. This suggests that the stock has a possible downside of 9.4%.
View analysts' price targets for Selective Insurance Group or view Wall Street analyst' top-rated stocks.

Selective Insurance Group saw a increase in short interest in December. As of December 31st, there was short interest totaling 760,500 shares, an increase of 16.7% from the December 15th total of 651,800 shares. Based on an average trading volume of 251,000 shares, the short-interest ratio is presently 3.0 days. Currently, 1.3% of the company's stock are sold short.
View Selective Insurance Group's Short Interest.

Some companies that are related to Selective Insurance Group include (BRK.B) (BRK.B), The Progressive (PGR), The Travelers Companies (TRV), The Allstate (ALL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), Markel (MKL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), CNA Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and The Hanover Insurance Group (THG).
View all of SIGI's competitors.

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), The Coca-Cola (KO), Altria Group (MO), Public Service Enterprise Group (PEG) and Starbucks (SBUX).

Selective Insurance Group trades on the NASDAQ under the ticker symbol "SIGI."

Selective Insurance Group's stock is owned by many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (0.40%), State of Alaska Department of Revenue (0.02%), HGK Asset Management Inc. (0.01%) and Diversified Trust Co (0.01%). Company insiders that own Selective Insurance Group stock include Cynthia S Nicholson, Gregory E Murphy, John Burville, Michael H Lanza, Paul D Bauer, Terrence W Cavanaugh and William M Rue.
View institutional ownership trends for Selective Insurance Group.

SIGI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and HGK Asset Management Inc..
View insider buying and selling activity for Selective Insurance Group or view top insider-selling stocks.

SIGI stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, and Diversified Trust Co. Company insiders that have bought Selective Insurance Group stock in the last two years include Terrence W Cavanaugh, and William M Rue.
View insider buying and selling activity for Selective Insurance Group or or view top insider-buying stocks.

Shares of SIGI 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.

One share of SIGI stock can currently be purchased for approximately $67.91.

Selective Insurance Group has a market capitalization of $4.06 billion and generates $2.85 billion in revenue each year. The insurance provider earns $271.62 million in net income (profit) each year or $4.40 on an earnings per share basis. Selective Insurance Group employs 2,400 workers across the globe.

The official website for Selective Insurance Group is www.selective.com.

Selective Insurance Group's mailing address is 40 WANTAGE AVENUE, BRANCHVILLE NJ, 07890. The insurance provider can be reached via phone at 973-948-3000 or via email at [email protected]