Selective Insurance Group - SIGI Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. 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.

2 Wall Street research analysts have issued 1 year price objectives for Selective Insurance Group's stock. Their SIGI share price forecasts range from $91.00 to $98.00. On average, they predict the company's share price to reach $94.50 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
View analysts price targets for SIGI or view top-rated stocks among Wall Street analysts.

Selective Insurance Group's stock was trading at $81.94 at the beginning of 2022. Since then, SIGI shares have decreased by 1.8% and is now trading at $80.44.
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Selective Insurance Group saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,810,000 shares, an increase of 29.3% from the June 30th total of 1,400,000 shares. Based on an average trading volume of 319,400 shares, the short-interest ratio is currently 5.7 days. Approximately 3.1% of the shares of the stock are sold short.
View Selective Insurance Group's Short Interest.

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

Selective Insurance Group, Inc. (NASDAQ:SIGI) posted its quarterly earnings data on Wednesday, October, 27th. The insurance provider reported $1.18 earnings per share (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 business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share.

Selective Insurance Group announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Monday, August 15th will be given a dividend of $0.28 per share on Thursday, September 1st. This represents a $1.12 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for SIGI.

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.42%. 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.

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.

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).

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

Selective Insurance Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Franklin Resources Inc. (1.74%), Victory Capital Management Inc. (1.63%), Boston Trust Walden Corp (0.78%), Vaughan Nelson Investment Management L.P. (0.73%), JPMorgan Chase & Co. (0.70%) and Tributary Capital Management LLC (0.62%). 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.
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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.
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One share of SIGI stock can currently be purchased for approximately $80.44.

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $4.85 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.

The company employs 2,440 workers across the globe.

Selective Insurance Group was founded in 1926.

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.