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GE   102.20 (-0.53%)
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PFE   37.08 (-1.38%)
PYPL   61.29 (+1.78%)
NFLX   393.81 (+3.94%)
QQQ   350.76 (+0.68%)
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MSFT   331.96 (-0.28%)
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NVDA   404.87 (+3.96%)
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BABA   78.50 (-3.05%)
AMD   126.31 (-0.57%)
T   15.66 (+1.03%)
F   12.65 (+4.63%)
MU   72.70 (-1.66%)
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NASDAQ:SIGI

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

$98.94
-0.75 (-0.75%)
(As of 01:08 PM ET)
Compare
Today's Range
$98.38
$100.12
50-Day Range
$91.70
$103.74
52-Week Range
$66.81
$104.37
Volume
36,736 shs
Average Volume
259,717 shs
Market Capitalization
$5.99 billion
P/E Ratio
23.96
Dividend Yield
1.21%
Price Target
$98.86

Selective Insurance Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.8% Downside
$98.86 Price Target
Short Interest
Bearish
2.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
1.05mentions of Selective Insurance Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.32%
From $6.41 to $7.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

571st out of 905 stocks

Fire, Marine, & Casualty Insurance Industry

23rd out of 47 stocks


SIGI stock logo

About Selective Insurance Group (NASDAQ:SIGI) Stock

Selective Insurance Group, Inc. is a New Jersey insurance holding company, which engages in the provision of property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies. The Standard Personal Lines segment consists of insurance products and services, including flood insurance coverage. The E&S Lines segment includes insurance products and services provided to customers who have not obtained coverage in the standard marketplace. The Investments segment includes premiums collected by various segments and engages in the issuance of debt and equity securities. The company was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.

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SIGI Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Where Selective Insurance Gr Stands With Analysts
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Selective Insurance Group (SIGI) Gets a Hold from KBW
See More Headlines
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SIGI Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023
Last Earnings
5/03/2023
Ex-Dividend for 6/1 Dividend
5/12/2023
Today
5/30/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
Current Symbol
NASDAQ:SIGI
CUSIP
81630010
Employees
2,520
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$98.86
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
-0.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$224.89 million
Pretax Margin
8.76%

Debt

Sales & Book Value

Annual Sales
$3.56 billion
Cash Flow
$5.94 per share
Book Value
$38.62 per share

Miscellaneous

Free Float
59,586,000
Market Cap
$6.03 billion
Optionable
Optionable
Beta
0.63

Social Links


Key Executives

  • John J. Marchioni
    Chairman, President & Chief Executive Officer
  • Brenda HallBrenda Hall
    Chief Operating Officer, Standard Lines & EVP
  • Mark Alexander Wilcox
    Chief Financial Officer & Executive Vice President
  • John Bresney
    Chief Information Officer & Executive VP
  • Michael H. Lanza
    Chief Compliance Officer, EVP & General Counsel













SIGI Stock - Frequently Asked Questions

Should I buy or sell Selective Insurance Group stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

7 analysts have issued 1-year target prices for Selective Insurance Group's stock. Their SIGI share price forecasts range from $90.00 to $105.00. On average, they predict the company's stock price to reach $98.86 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
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 stock has increased by 12.5% and is now trading at $99.69.
View the best growth stocks for 2023 here
.

When is Selective Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SIGI earnings forecast
.

How were Selective Insurance Group's earnings last quarter?

Selective Insurance Group, Inc. (NASDAQ:SIGI) posted its earnings results on Wednesday, May, 3rd. The insurance provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.57 by $0.13. The insurance provider had revenue of $999.80 million for the quarter, compared to analyst estimates of $1 billion. Selective Insurance Group had a trailing twelve-month return on equity of 13.38% and a net margin of 6.97%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share.

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, May 3rd. Stockholders of record on Monday, May 15th will be paid a dividend of $0.30 per share on Thursday, June 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, May 12th.
Read our dividend analysis for SIGI
.

Is Selective Insurance Group a good dividend stock?

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.20%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 15.96% 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).

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.76%), FMR LLC (4.30%), State Street Corp (3.54%), Macquarie Group Ltd. (3.47%), Dimensional Fund Advisors LP (2.25%) and Champlain Investment Partners LLC (2.17%). 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, Michael J Morrissey, Michael J Morrissey, Vincent M Senia, William M Rue and William M Rue.
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.

What is Selective Insurance Group's stock price today?

One share of SIGI stock can currently be purchased for approximately $99.69.

How much money does Selective Insurance Group make?

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $6.03 billion and generates $3.56 billion in revenue each year. The insurance provider earns $224.89 million in net income (profit) each year or $4.13 on an earnings per share basis.

How many employees does Selective Insurance Group have?

The company employs 2,520 workers across the globe.

How can I contact Selective Insurance Group?

Selective Insurance Group's mailing address is 40 WANTAGE AVENUE, BRANCHVILLE NJ, 07890. The official website for the company is www.selective.com. The insurance provider can be reached via phone at (973) 948-3000, via email at investor.relations@selective.com, or via fax at 973-948-0282.

This page (NASDAQ:SIGI) was last updated on 5/30/2023 by MarketBeat.com Staff

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