NASDAQ:SIGI Selective Insurance Group - SIGI Stock Forecast, Price & News Adding Choose a watchlist: 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, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $93.09 -1.91 (-2.01%) (As of 02/1/2023 02:01 PM ET) Add Compare Share Share Today's Range$92.95▼$94.8350-Day Range$86.08▼$96.1252-Week Range$66.81▼$98.80Volume61,545 shsAverage Volume204,345 shsMarket Capitalization$5.61 billionP/E Ratio24.82Dividend Yield1.28%Price Target$95.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Selective Insurance Group MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside2.6% Upside$95.50 Price TargetShort InterestHealthy1.77% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews Sentiment0.81Based on 6 Articles This WeekInsider TradingSelling Shares$825,796 Sold Last QuarterProj. Earnings Growth18.65%From $5.04 to $5.98 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.2.28 out of 5 starsFinance Sector424th out of 895 stocksFire, Marine, & Casualty Insurance Industry22nd out of 49 stocks 1.2 Analyst's Opinion Consensus RatingSelective Insurance Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $95.50, Selective Insurance Group has a forecasted upside of 2.6% from its current price of $93.09.Amount of Analyst CoverageSelective Insurance Group has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.77% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Selective Insurance Group has recently increased by 2.94%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend YieldSelective Insurance Group pays a meaningful dividend of 1.28%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSelective Insurance Group has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Selective Insurance Group is 32.00%. 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 20.07% 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 2.7 News and Social Media Coverage News SentimentSelective Insurance Group has a news sentiment score of 0.81. 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 is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Selective Insurance Group this week, compared to 1 article on an average week. 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 $825,796.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of Selective Insurance Group is held by insiders.Percentage Held by Institutions83.85% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Selective Insurance Group are expected to grow by 18.65% in the coming year, from $5.04 to $5.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Selective Insurance Group is 24.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.28.Price to Earnings Ratio vs. SectorThe P/E ratio of Selective Insurance Group is 24.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 186.25.Price to Earnings Growth RatioSelective Insurance Group has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSelective Insurance Group has a P/B Ratio of 2.01. 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 (NASDAQ:SIGI) StockSelective Insurance Group, Inc. provides 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. Selective Insurance Group was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.Read More 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 SIGI Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comSELECTIVE INSURANCE HELPS STUDENTS UNLOCK PATHWAYS TO INSURANCE CAREERS WITH ITS FOURTH ANNUAL COLLEGE COMPETITIONJanuary 31, 2023 | americanbankingnews.comSelective Insurance Group (SIGI) Scheduled to Post Earnings on ThursdayFebruary 1, 2023 | Investing Trends (Ad)Move Over Lithium – 220 Pounds of Graphite In Every EV BatteryInvestors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.January 30, 2023 | finance.yahoo.comEarnings Preview: Cincinnati Financial (CINF) Q4 Earnings Expected to DeclineJanuary 26, 2023 | finance.yahoo.comEarnings Preview: Selective Insurance (SIGI) Q4 Earnings Expected to DeclineJanuary 24, 2023 | americanbankingnews.comSelective Insurance Group (NASDAQ:SIGI) Updates Q4 2022 Earnings GuidanceJanuary 19, 2023 | investing.comBMO Capital Starts Selective Insurance Group at Market PerformJanuary 5, 2023 | finance.yahoo.comSelective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce Fourth Quarter 2022 ResultsFebruary 1, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. December 20, 2022 | finance.yahoo.comSelective Insurance Group's (NASDAQ:SIGI) investors will be pleased with their notable 62% return over the last five yearsDecember 8, 2022 | finance.yahoo.comMOST U.S. RESIDENTS DECK THE HALLS WITH FIRE HAZARDS, SELECTIVE INSURANCE STUDY REVEALSDecember 3, 2022 | finance.yahoo.comSelective Insurance (SIGI) Up 1% Since Last Earnings Report: Can It Continue?November 29, 2022 | finance.yahoo.comInstitutional investors are Selective Insurance Group, Inc.'s (NASDAQ:SIGI) biggest bettors and were rewarded after last week's US$190m market cap gainNovember 9, 2022 | finance.yahoo.comSelective Insurance Group Third Quarter 2022 Earnings: Misses ExpectationsNovember 6, 2022 | finance.yahoo.comSelective Insurance Group (NASDAQ:SIGI) Is Increasing Its Dividend To $0.30November 5, 2022 | seekingalpha.comSelective Insurance Group, Inc. (SIGI) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | finance.yahoo.comSelective Reports Third Quarter 2022 Results, Including Net Income of $0.66 per Diluted Common Share and Non-GAAP Operating Income(1) of $0.99 per Diluted Common ShareNovember 1, 2022 | msn.comA Preview Of Selective Insurance Group's EarningsOctober 26, 2022 | finance.yahoo.comEarnings Preview: Selective Insurance (SIGI) Q3 Earnings Expected to DeclineOctober 6, 2022 | finance.yahoo.comSelective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce Third Quarter 2022 ResultsOctober 3, 2022 | finance.yahoo.comSelective Insurance Introduces New Privacy Solution to Reduce the Risk of a Data Breach Following a Total Vehicle LossSeptember 23, 2022 | finance.yahoo.comWhy Should You Stay Invested in Selective Insurance (SIGI)September 16, 2022 | seekingalpha.comSIGI Selective Insurance Group, Inc.September 14, 2022 | nasdaq.comInsiders sold US$5.7m worth of Selective Insurance Group, Inc. (NASDAQ:SIGI) stock last year, could be a warning sign to watch out forSeptember 7, 2022 | finance.yahoo.comWhy Is ProAssurance (PRA) Down 11.3% Since Last Earnings Report?September 6, 2022 | finance.yahoo.comSelective to Present at the 2022 Keefe, Bruyette & Woods Insurance ConferenceSeptember 2, 2022 | finance.yahoo.comSelective Insurance (SIGI) Up 5.3% Since Last Earnings Report: Can It Continue?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 SIGI Company Calendar Last Earnings10/27/2021Ex-Dividend for 12/1 Dividend11/14/2022Dividend Payable12/01/2022Today2/01/2023Next Earnings (Confirmed)2/02/2023Fiscal Year End12/31/2023Get 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) 948-3000Fax973-948-0282Employees2,440Year Founded1926Price Target and Rating Average Stock Price Forecast$95.50 High Stock Price Forecast$105.00 Low Stock Price Forecast$90.00 Forecasted Upside/Downside+2.6%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.75 Trailing P/E Ratio24.82 Forward P/E Ratio18.47 P/E Growth2.36Net Income$403.84 million Net Margins6.76% Pretax Margin8.52% Return on Equity12.79% Return on Assets3.07% Debt Debt-to-Equity Ratio0.23 Current Ratio0.30 Quick Ratio0.30 Sales & Book Value Annual Sales$3.38 billion Price / Sales1.66 Cash Flow$7.36 per share Price / Cash Flow12.64 Book Value$46.29 per share Price / Book2.01Miscellaneous Outstanding Shares60,280,000Free Float59,070,000Market Cap$5.61 billion OptionableOptionable Beta0.62 Social Links Key ExecutivesJohn J. MarchioniChairman, President & Chief Executive OfficerMark Alexander WilcoxChief Financial Officer & Executive Vice PresidentJohn BresneyChief Information Officer & Executive VPMichael H. LanzaChief Compliance Officer, EVP & General CounselCyndi BennettChief Human Resources Officer & Executive VPKey CompetitorsRLINYSE:RLIAXIS CapitalNYSE:AXSThe Hanover Insurance GroupNYSE:THGWhite Mountains Insurance GroupNYSE:WTMMercury GeneralNYSE:MCYView All CompetitorsInsiders & InstitutionsVaughan Nelson Investment Management L.P.Sold 5,510 shares on 1/31/2023Ownership: 0.640%Kestra Advisory Services LLCBought 2,423 shares on 1/31/2023Ownership: 0.004%New York State Common Retirement FundBought 44,347 shares on 1/30/2023Ownership: 0.280%New York State Teachers Retirement SystemSold 1,000 shares on 1/27/2023Ownership: 0.154%State of Michigan Retirement SystemBought 200 shares on 1/27/2023Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions SIGI Stock - Frequently Asked Questions Should I buy or sell Selective Insurance Group stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 2 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? 3 Wall Street analysts have issued 12 month price objectives for Selective Insurance Group's shares. Their SIGI share price forecasts range from $90.00 to $105.00. On average, they expect the company's share price to reach $95.50 in the next twelve months. This suggests a possible upside of 1.9% 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 at the beginning of the year. Since then, SIGI shares have increased by 5.8% and is now trading at $93.72. 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 Thursday, February 2nd 2023. 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 Friday, February 3rd at 10:00 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) posted its earnings results on Wednesday, October, 27th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. The insurance provider earned $865 million during the quarter, compared to the consensus estimate of $839.39 million. Selective Insurance Group had a trailing twelve-month return on equity of 12.79% and a net margin of 6.76%. The company's revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 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, November 2nd. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.30 per share on Thursday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, November 14th. This is a positive change from the stock's previous quarterly dividend of $0.28. 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 1.28%. 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 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 20.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SIGI. What guidance has Selective Insurance Group issued on next quarter's earnings? Selective Insurance Group issued an update on its fourth quarter 2022 earnings guidance on Monday, January, 23rd. The company provided EPS guidance of $1.46-$1.46 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of -. 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 number of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (0.80%), Vaughan Nelson Investment Management L.P. (0.64%), Tributary Capital Management LLC (0.54%), New York State Common Retirement Fund (0.28%), Peregrine Capital Management LLC (0.20%) and New York State Teachers Retirement System (0.15%). 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, Terrence W Cavanaugh, 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 $93.72. How much money does Selective Insurance Group make? Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $5.65 billion and generates $3.38 billion in revenue each year. The insurance provider earns $403.84 million in net income (profit) each year or $3.75 on an earnings per share basis. How many employees does Selective Insurance Group have? The company employs 2,440 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 2/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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