NASDAQ:SIGI

Selective Insurance Group - SIGI Stock Forecast, Price & News

$81.40

-0.84 (-1.02%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $81.13
▼
$82.81
50-Day Range: $75.54
▼
$83.44
52-Week Range: $66.81
▼
$94.35

Volume: 484,877 shs
Average Volume: 271,133 shs
Market Capitalization: $4.91 billion

P/E Ratio: 19.06
Dividend Yield: 1.36%
Price Target: $98.00

Selective Insurance Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 20.4% Upside
$98.00 Price Target
Short Interest: Bearish
2.45% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.82
Upright™ Environmental Score
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: Selling Shares
$549,318 Sold Last Quarter
Proj. Earnings Growth: 19.96%
From $5.46 to $6.55 Per Share

Overall MarketRank^™

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

2.59 out of 5 stars

Finance Sector

458th out of 923 stocks

Fire, Marine, & Casualty Insurance Industry

24th out of 50 stocks

2.5

Analyst's Opinion

Consensus Rating
Selective Insurance Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $98.00, Selective Insurance Group has a forecasted upside of 20.4% from its current price of $81.40.
Amount of Analyst Coverage
Selective Insurance Group has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.45% of the float of Selective Insurance Group has been sold short.
Short Interest Ratio / Days to Cover
Selective Insurance Group has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Selective Insurance Group has recently increased by 7.41%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Selective Insurance Group pays a meaningful dividend of 1.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Selective Insurance Group has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Selective Insurance Group is 26.23%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Selective Insurance Group will have a dividend payout ratio of 17.10% next year. This indicates that Selective Insurance Group will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Selective 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 Sustainability
The Environmental Impact score for Selective Insurance Group is -0.82.

2.7

News and Social Media Coverage

News Sentiment
Selective Insurance Group has a news sentiment score of 0.94. 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 0.63 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Selective Insurance Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Selective Insurance Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $549,318.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Selective Insurance Group is held by insiders.
Percentage Held by Institutions
83.50% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Selective Insurance Group are expected to grow by 19.96% in the coming year, from $5.46 to $6.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Selective Insurance Group is 19.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.98.
Price to Earnings Ratio vs. Sector
The P/E ratio of Selective Insurance Group is 19.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.52.
Price to Earnings Growth Ratio
Selective Insurance Group has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Selective Insurance Group has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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SIGI Stock News Headlines

September 27, 2022 | americanbankingnews.com

Comparing Deep Yellow (OTCMKTS:DYLLF) and Selective Insurance Group (NASDAQ:SIGI)

September 23, 2022 | finance.yahoo.com

Why Should You Stay Invested in Selective Insurance (SIGI)

September 16, 2022 | seekingalpha.com

SIGI Selective Insurance Group, Inc.

September 14, 2022 | nasdaq.com

Insiders sold US$5.7m worth of Selective Insurance Group, Inc. (NASDAQ:SIGI) stock last year, could be a warning sign to watch out for

September 7, 2022 | finance.yahoo.com

Why Is ProAssurance (PRA) Down 11.3% Since Last Earnings Report?

September 6, 2022 | finance.yahoo.com

Selective to Present at the 2022 Keefe, Bruyette & Woods Insurance Conference

September 2, 2022 | finance.yahoo.com

Selective Insurance (SIGI) Up 5.3% Since Last Earnings Report: Can It Continue?

September 2, 2022 | finance.yahoo.com

AXS or SIGI: Which P&C Insurance Stock is Better Placed?

September 1, 2022 | markets.businessinsider.com

Selective Insurance Scores Third Consecutive Great Place to Work Certification™

August 29, 2022 | finance.yahoo.com

Selective Insurance Group, Inc.'s (NASDAQ:SIGI) Stock Has Fared Decently: Is the Market Following Strong Financials?

August 22, 2022 | finance.yahoo.com

Here's Why Investors Should Hold Selective Insurance (SIGI)

August 12, 2022 | nasdaq.com

Selective Insurance Group Breaks Above 200-Day Moving Average - Bullish for SIGI

August 8, 2022 | finance.yahoo.com

Be Sure To Check Out Selective Insurance Group, Inc. (NASDAQ:SIGI) Before It Goes Ex-Dividend

August 4, 2022 | finance.yahoo.com

Selective Insurance (SIGI) Q2 Earnings Miss, Revenues Beat

August 3, 2022 | finance.yahoo.com

Selective Reports Second Quarter 2022 Results, Including Net Income of $0.61 per Diluted Common Share and Non-GAAP Operating Income1 of $1.17 per Diluted Common Share

July 24, 2022 | nasdaq.com

What Kind Of Shareholders Hold The Majority In Selective Insurance Group, Inc.'s (NASDAQ:SIGI) Shares?

July 15, 2022 | finance.yahoo.com

Should You Retain Selective Insurance (SIGI) in Your Portfolio?

July 14, 2022 | apnews.com

SELECTIVE INSURANCE AND SIMPLISAFE® PARTNER TO BRING SMART HOME SECURITY SOLUTIONS TO SELECTIVE’S HOMEOWNER POLICYHOLDERS

July 13, 2022 | finance.yahoo.com

SELECTIVE INSURANCE AND SIMPLISAFE® PARTNER TO BRING SMART HOME SECURITY SOLUTIONS TO SELECTIVE'S HOMEOWNER POLICYHOLDERS

July 7, 2022 | finance.yahoo.com

Selective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce Second Quarter 2022 Results

June 27, 2022 | finance.yahoo.com

Statement from Brian Sarisky, Senior Vice President, Chief Underwriting Officer, Commercial Lines, Selective Insurance, on Insurance Awareness Day and Coverage for Small Businesses

June 24, 2022 | nasdaq.com

Bullish Two Hundred Day Moving Average Cross - SIGI

June 3, 2022 | finance.yahoo.com

Why Is Selective Insurance (SIGI) Up 0.5% Since Last Earnings Report?

June 2, 2022 | finance.yahoo.com

Is Selective Insurance Group, Inc. (NASDAQ:SIGI) Popular Amongst Institutions?

May 18, 2022 | finance.yahoo.com

Why Should You Hold Selective Insurance (SIGI) Stock Now?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SIGI Company Calendar

Last Earnings: 10/27/2021
Ex-Dividend for 9/1 Dividend: 8/12/2022
Dividend Payable: 9/01/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NASDAQ:SIGI
CUSIP: 81630010
CIK: 230557
Web: www.selective.com
Phone: (973) 948-3000
Fax: 973-948-0282
Employees: 2,440
Year Founded: 1926

Price Target and Rating

Average Stock Price Forecast: $98.00
High Stock Price Forecast: $98.00
Low Stock Price Forecast: $98.00
Forecasted Upside/Downside: +20.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.27
Trailing P/E Ratio: 19.06
Forward P/E Ratio: 14.91
P/E Growth: 2.77
Net Income: $403.84 million
Net Margins: 7.73%
Pretax Margin: 9.76%
Return on Equity: 12.61%
Return on Assets: 3.18%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 0.30
Quick Ratio: 0.30

Sales & Book Value

Annual Sales: $3.38 billion
Price / Sales: 1.45
Cash Flow: $7.33 per share
Price / Cash Flow: 11.11
Book Value: $46.29 per share
Price / Book: 1.76

Miscellaneous

Outstanding Shares: 60,330,000
Free Float: 59,123,000
Market Cap: $4.91 billion
Optionable: Optionable
Beta: 0.61

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SIGI Stock - Frequently Asked Questions

Should I buy or sell Selective Insurance Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 1 buy rating 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?: 1 Wall Street analysts have issued 12-month target prices for Selective Insurance Group's shares. Their SIGI share price forecasts range from $98.00 to $98.00. On average, they predict the company's share price to reach $98.00 in the next year. This suggests a possible upside of 20.4% 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 at the start of the year. Since then, SIGI stock has decreased by 0.7% and is now trading at $81.40.
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) announced its quarterly earnings data 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 analyst estimates of $839.39 million. Selective Insurance Group had a net margin of 7.73% and a trailing twelve-month return on equity of 12.61%. The company's revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Stockholders 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 1.38%. 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 1.36%. 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 17.10% 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."
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 $81.40.
How much money does Selective Insurance Group make?: Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $4.91 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.
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 10/2/2022 by MarketBeat.com Staff

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Selective Insurance Group - SIGI Stock Forecast, Price & News

Selective Insurance Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability