Selective Insurance Group Stock Forecast, Price & News

Selective Insurance Group's stock was trading at $51.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SIGI stock has increased by 28.1% and is now trading at $66.37.
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5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Selective Insurance Group stock. 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 analyst ratings for Selective Insurance Group or view MarketBeat's top 5 stock picks.

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10 employees have rated Selective Insurance Group CEO John Marchioni on Glassdoor.com. John Marchioni has an approval rating of 70% among Selective Insurance Group's employees.

Selective Insurance Group is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Selective Insurance Group.

Selective Insurance Group will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced its quarterly earnings results on Wednesday, October, 28th. The insurance provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.18 by $0.12. The insurance provider had revenue of $768.80 million for the quarter, compared to analyst estimates of $748.47 million. Selective Insurance Group had a trailing twelve-month return on equity of 9.84% and a net margin of 7.05%.
View Selective Insurance Group's earnings history.

Selective Insurance Group announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be paid a dividend of $0.25 per share on Tuesday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, November 12th. This is a boost from Selective Insurance Group's previous quarterly dividend of $0.23.
View Selective Insurance Group's dividend history.

Selective Insurance Group pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.47%. Selective Insurance Group has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Selective Insurance Group is 22.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Selective Insurance Group will have a dividend payout ratio of 23.53% next year. This indicates that Selective Insurance Group will be able to sustain or increase its dividend.
View Selective Insurance Group's dividend history.

5 brokerages have issued 12 month target prices for Selective Insurance Group's shares. Their forecasts range from $48.00 to $71.00. On average, they anticipate Selective Insurance Group's stock price to reach $61.50 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Selective Insurance Group or view Wall Street analyst' top-rated stocks.

Selective Insurance Group saw a increase in short interest in December. As of December 31st, there was short interest totaling 760,500 shares, an increase of 16.7% from the December 15th total of 651,800 shares. Based on an average trading volume of 251,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.3% of the shares of the company are short sold.
View Selective Insurance Group's Short Interest.

Some companies that are related to Selective Insurance Group include Berkshire Hathaway (BRK.B), The Progressive (PGR), The Travelers Companies (TRV), The Allstate (ALL), Cincinnati Financial (CINF), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), CNA Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and The Hanover Insurance Group (THG).
View all of SIGI's competitors.

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), The Coca-Cola (KO), Altria Group (MO), Public Service Enterprise Group (PEG) and Starbucks (SBUX).

Selective Insurance Group trades on the NASDAQ under the ticker symbol "SIGI."

Selective Insurance Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (0.77%), Peregrine Capital Management LLC (0.41%), Boston Trust Walden Corp (0.40%), Mountain Pacific Investment Advisers Inc. ID (0.35%), Smith Graham & Co. Investment Advisors LP (0.31%) and Strs Ohio (0.18%). 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.

SIGI stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., New York State Teachers Retirement System, Smith Graham & Co. Investment Advisors LP, Janney Montgomery Scott LLC, Mountain Pacific Investment Advisers Inc. ID, Strs Ohio, State of Alaska Department of Revenue, and HGK Asset Management Inc..
View insider buying and selling activity for Selective Insurance Group or view top insider-selling stocks.

SIGI stock was bought by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Peregrine Capital Management LLC, Tributary Capital Management LLC, and Diversified Trust Co. 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 or or view top insider-buying stocks.

Shares of SIGI 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.

One share of SIGI stock can currently be purchased for approximately $66.37.

Selective Insurance Group has a market capitalization of $3.97 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.

The official website for Selective Insurance Group is www.selective.com.

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]