Selective Insurance Group - SIGI Stock Forecast, Price & News

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.
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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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our SIGI earnings forecast.

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.

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.

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.

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.

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 -.

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 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.
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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 $93.72.

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.

The company employs 2,440 workers across the globe.

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.