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NASDAQ:SIGI

Selective Insurance Group - SIGI Stock Forecast, Price & News

$82.74
+1.08 (+1.32%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$80.88
$83.12
50-Day Range
$75.54
$88.05
52-Week Range
$66.81
$94.35
Volume
184,759 shs
Average Volume
290,983 shs
Market Capitalization
$4.99 billion
P/E Ratio
19.38
Dividend Yield
1.37%
Price Target
$94.50

Selective Insurance Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.2% Upside
$94.50 Price Target
Short Interest
Healthy
2.94% 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 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.41%
From $5.46 to $6.52 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Finance Sector

219th out of 926 stocks

Fire, Marine, & Casualty Insurance Industry

11th out of 50 stocks

SIGI stock logo

About Selective Insurance Group (NASDAQ:SIGI) Stock

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, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and casualty insurance products 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 well as flood insurance products. It also invests in fixed income investments and commercial mortgage loans, as well as equity securities and alternative investment portfolio. The company offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.

Selective Insurance Group Stock Up 1.5 %

SIGI Stock opened at $81.66 on Monday. The firm has a market cap of $4.93 billion, a PE ratio of 19.12, a PEG ratio of 2.75 and a beta of 0.63. Selective Insurance Group has a 1 year low of $66.81 and a 1 year high of $94.35. The company has a fifty day simple moving average of $81.02 and a 200 day simple moving average of $81.81. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, August 12th. Selective Insurance Group's payout ratio is 26.23%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on Selective Insurance Group in a research report on Monday, June 27th. They issued an "overweight" rating and a $98.00 target price on the stock.

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SIGI Stock News Headlines

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See More Headlines
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SIGI Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 6/1 Dividend
5/13/2022
Dividend Payable
6/01/2022
Ex-Dividend for 9/1 Dividend
8/12/2022
Today
8/15/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

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
$94.50
High Stock Price Forecast
$98.00
Low Stock Price Forecast
$91.00
Forecasted Upside/Downside
+14.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$403.84 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$3.38 billion
Cash Flow
$7.50 per share
Book Value
$46.29 per share

Miscellaneous

Free Float
59,123,000
Market Cap
$4.99 billion
Optionable
Optionable
Beta
0.63

Social Links


Key Executives

  • Mr. John Joseph Marchioni CPCU (Age 52)
    CEO, Pres & Chairman
    Comp: $3.31M
  • Mr. Mark Alexander Wilcox (Age 54)
    Exec. VP & CFO
    Comp: $1.91M
  • Mr. Michael Haran Lanza (Age 60)
    Exec. VP, Gen. Counsel & Chief Compliance Officer
    Comp: $1.21M
  • Ms. Brenda Marie Hall (Age 51)
    Exec. VP & Commercial Lines COO
    Comp: $1.09M
  • Mr. Vincent Matthew Senia (Age 58)
    Exec. VP & Chief Actuary
    Comp: $1.02M
  • Mr. Joseph O. Eppers CFA
    Exec. VP & Chief Investment Officer
  • Mr. Anthony David Harnett (Age 49)
    Sr. VP & Chief Accounting Officer
  • Mr. John Patrick Bresney
    Exec. VP & Chief Information Officer
  • Mr. Rohan Pai
    Sr. VP of Investor Relations & Treasurer
  • Ms. Lucinda Bennett
    Exec. VP & Chief HR Officer













SIGI Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SIGI shares.
View SIGI analyst ratings
or view top-rated stocks.

What is Selective Insurance Group's stock price forecast for 2022?

2 analysts have issued twelve-month price objectives for Selective Insurance Group's stock. Their SIGI share price forecasts range from $91.00 to $98.00. On average, they expect the company's stock price to reach $94.50 in the next year. This suggests a possible upside of 14.4% 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 2022?

Selective Insurance Group's stock was trading at $81.94 on January 1st, 2022. Since then, SIGI shares have increased by 0.8% and is now trading at $82.63.
View the best growth stocks for 2022 here
.

When is Selective Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIGI earnings forecast
.

How were Selective Insurance Group's earnings last quarter?

Selective Insurance Group, Inc. (NASDAQ:SIGI) released its quarterly earnings results on Wednesday, October, 27th. The insurance provider reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.01. The insurance provider had revenue of $865 million for the quarter, compared to analysts' expectations of $839.39 million. Selective Insurance Group had a trailing twelve-month return on equity of 12.61% and a net margin of 7.73%. The company's revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm 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, August 3rd. Shareholders of record on Monday, August 15th will be paid a dividend of $0.28 per share on Thursday, September 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, August 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 $1.12 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 17.18% 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 number of institutional and retail investors. Top institutional shareholders include FMR LLC (2.26%), Franklin Resources Inc. (1.74%), Northern Trust Corp (1.65%), Victory Capital Management Inc. (1.63%), Massachusetts Financial Services Co. MA (0.99%) and Boston Trust Walden Corp (0.78%). Insiders that own company stock include Brenda M Hall, Colby 2014 Family Trust, Cynthia S Nicholson, Gregory E Murphy, Gregory E Murphy, 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 $82.63.

How much money does Selective Insurance Group make?

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $4.99 billion and generates $3.38 billion in revenue each year. The insurance provider earns $403.84 million in net income (profit) each year or $4.27 on an earnings per share basis.

How many employees does Selective Insurance Group have?

The company employs 2,440 workers across the globe.

When was Selective Insurance Group founded?

Selective Insurance Group was founded in 1926.

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 8/15/2022 by MarketBeat.com Staff

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