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QQQ   294.03 (-0.20%)
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MSFT   246.93 (-0.36%)
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GE   81.24 (+0.94%)
DIS   107.90 (-0.54%)
AMC   5.45 (+1.87%)
PFE   43.75 (-0.93%)
PYPL   80.46 (-1.26%)
NFLX   356.36 (+0.71%)
QQQ   294.03 (-0.20%)
AAPL   142.19 (-1.46%)
MSFT   246.93 (-0.36%)
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BABA   110.91 (+0.64%)
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T   20.23 (-0.69%)
MU   61.15 (+1.41%)
F   13.62 (+0.81%)
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GE   81.24 (+0.94%)
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NASDAQ:SIGI

Selective Insurance Group - SIGI Stock Forecast, Price & News

$93.09
-1.91 (-2.01%)
(As of 02/1/2023 02:01 PM ET)
Add
Compare
Today's Range
$92.95
$94.83
50-Day Range
$86.08
$96.12
52-Week Range
$66.81
$98.80
Volume
61,545 shs
Average Volume
204,345 shs
Market Capitalization
$5.61 billion
P/E Ratio
24.82
Dividend Yield
1.28%
Price Target
$95.50

Selective Insurance Group MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
2.6% Upside
$95.50 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.81mentions of Selective Insurance Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$825,796 Sold Last Quarter
Proj. Earnings Growth
18.65%
From $5.04 to $5.98 Per Share

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 stars

Finance Sector

424th out of 895 stocks

Fire, Marine, & Casualty Insurance Industry

22nd out of 49 stocks


SIGI stock logo

About Selective Insurance Group (NASDAQ:SIGI) Stock

Selective 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.

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SIGI Stock News Headlines

Move Over Lithium – 220 Pounds of Graphite In Every EV Battery
Investors 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.
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.
Why Should You Stay Invested in Selective Insurance (SIGI)
SIGI Selective Insurance Group, Inc.
See More Headlines
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SIGI Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/1 Dividend
11/14/2022
Dividend Payable
12/01/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/02/2023
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
2,440
Year Founded
1926

Price 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 Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$403.84 million
Pretax Margin
8.52%

Debt

Sales & Book Value

Annual Sales
$3.38 billion
Cash Flow
$7.36 per share
Book Value
$46.29 per share

Miscellaneous

Free Float
59,070,000
Market Cap
$5.61 billion
Optionable
Optionable
Beta
0.62

Social Links


Key Executives

  • John J. Marchioni
    Chairman, President & Chief Executive Officer
  • 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
  • Cyndi Bennett
    Chief Human Resources Officer & Executive VP













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