NASDAQ:SIGI Selective Insurance Group Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Selective Insurance Group Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $49.61 +0.97 (+1.99 %) (As of 09/24/2020 04:12 PM ET) Add Compare Share Today's Range$48.63Now: $49.61▼$50.4050-Day Range$49.55MA: $56.34▼$60.9152-Week Range$37.05Now: $49.61▼$76.83Volume337,700 shsAverage Volume322,333 shsMarket Capitalization$2.97 billionP/E Ratio15.95Dividend Yield1.89%Beta0.76 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities. It also offers flood insurance products. The company provides its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. In addition, it invests in fixed income investments and preferred stocks, equity securities, and alternative investment portfolio. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingSelective Insurance Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.25, Selective Insurance Group has a forecasted upside of 12.8% from its current price of $49.85.Amount of Analyst CoverageSelective Insurance Group has received no research coverage in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesSelective Insurance Group has received 296 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSelective Insurance Group has received 321 “underperform” votes. (Add your “underperform” vote.)Community SentimentSelective Insurance Group has received 52.03% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Selective Insurance Group and other stocks. Vote “Outperform” if you believe SIGI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SIGI will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend YieldSelective Insurance Group pays a meaningful dividend of 1.85%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSelective Insurance Group has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Selective Insurance Group is 20.91%. 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 22.72% next year. This indicates that Selective Insurance Group will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Selective Insurance Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of Selective Insurance Group is held by insiders.Percentage Held by Institutions79.32% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Selective Insurance Group are expected to grow by 16.05% in the coming year, from $3.49 to $4.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Selective Insurance Group is 16.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Selective Insurance Group is 16.03, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.95.Price to Book Value per Share RatioSelective Insurance Group has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.05 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNASDAQ:SIGI Previous Symbol CUSIP81630010 CIK230557 Webwww.selective.com Phone973-948-3000Debt Debt-to-Equity Ratio0.24 Current Ratio0.31 Quick Ratio0.31Price-To-Earnings Trailing P/E Ratio15.95 Forward P/E Ratio14.21 P/E GrowthN/A Sales & Book Value Annual Sales$2.85 billion Price / Sales1.04 Cash Flow$4.87 per share Price / Cash Flow10.19 Book Value$36.95 per share Price / Book1.34Profitability EPS (Most Recent Fiscal Year)$4.40 Net Income$271.62 million Net Margins6.73% Return on Equity9.90% Return on Assets2.41%Miscellaneous Employees2,400 Outstanding Shares59,812,000Market Cap$2.97 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $49.61 +0.97 (+1.99 %) (As of 09/24/2020 04:12 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive SIGI News and Ratings via Email Sign-up to receive the latest news and ratings for SIGI and its competitors with MarketBeat's FREE daily newsletter. Selective Insurance Group (NASDAQ:SIGI) Frequently Asked Questions How has Selective Insurance Group's stock price been impacted by Coronavirus? 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 (WHO). Since then, SIGI stock has decreased by 4.2% and is now trading at $49.61. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Selective Insurance Group? 4 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for Selective Insurance Group. When is Selective Insurance Group's next earnings date? Selective Insurance Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. View our earnings forecast for Selective Insurance Group. How were Selective Insurance Group's earnings last quarter? Selective Insurance Group (NASDAQ:SIGI) issued its quarterly earnings results on Wednesday, July, 29th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.03. The insurance provider had revenue of $682.40 million for the quarter, compared to analysts' expectations of $707.28 million. Selective Insurance Group had a net margin of 6.73% and a return on equity of 9.90%. The firm's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. View Selective Insurance Group's earnings history. 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, July 29th. Shareholders of record on Friday, August 14th will be given a dividend of $0.23 per share on Tuesday, September 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 13th. View Selective Insurance Group's dividend history. What guidance has Selective Insurance Group issued on next quarter's earnings? Selective Insurance Group issued an update on its second quarter earnings guidance on Tuesday, July, 14th. The company provided earnings per share (EPS) guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. What price target have analysts set for SIGI? 4 Wall Street analysts have issued 1-year target prices for Selective Insurance Group's stock. Their forecasts range from $48.00 to $65.00. On average, they anticipate Selective Insurance Group's stock price to reach $56.25 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price. View analysts' price targets for Selective Insurance Group. Are investors shorting Selective Insurance Group? Selective Insurance Group saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 533,300 shares, a drop of 39.0% from the August 15th total of 874,700 shares. Based on an average daily trading volume, of 280,500 shares, the short-interest ratio is currently 1.9 days. Currently, 0.9% of the company's shares are sold short. View Selective Insurance Group's Short Interest. Who are some of Selective Insurance Group's key competitors? Some companies that are related to Selective Insurance Group include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), 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 Axis Capital (AXS). View all competitors. 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 key executives? Selective Insurance Group's management team includes the following people: Mr. Gregory Edward Murphy, Chairman & CEO (Age 63)Mr. John Joseph Marchioni CPCU, Pres & COO (Age 49)Mr. Mark Alexander Wilcox, Exec. VP & CFO (Age 51)Mr. Michael Haran Lanza, Exec. VP, Gen. Counsel & Chief Compliance Officer (Age 57)Mr. Joseph Eppers CFA, Sr. VP & Chief Investment Officer What is Selective Insurance Group's stock symbol? Selective Insurance Group trades on the NASDAQ under the ticker symbol "SIGI." 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 Vanguard Group Inc. (9.27%), Macquarie Group Ltd. (4.76%), Silvercrest Asset Management Group LLC (2.67%), Goldman Sachs Group Inc. (1.74%), Bank of New York Mellon Corp (1.73%) and Victory Capital Management Inc. (1.53%). 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. Which major investors are selling Selective Insurance Group stock? SIGI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Prudential Financial Inc., Public Employees Retirement System of Ohio, WINTON GROUP Ltd, Bank of America Corp DE, and UBS Group AG. View insider buying and selling activity for Selective Insurance Group. Which major investors are buying Selective Insurance Group stock? SIGI stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., TimesSquare Capital Management LLC, Federated Hermes Inc., Thrivent Financial for Lutherans, Macquarie Group Ltd., Monarch Partners Asset Management LLC, Silvercrest Asset Management Group LLC, and AJO LP. 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. How do I buy shares of Selective Insurance Group? Shares of SIGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Selective Insurance Group's stock price today? One share of SIGI stock can currently be purchased for approximately $49.61. How big of a company is Selective Insurance Group? Selective Insurance Group has a market capitalization of $2.97 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. What is Selective Insurance Group's official website? The official website for Selective Insurance Group is www.selective.com. How can I contact Selective Insurance Group? 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] This page was last updated on 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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