Selective Insurance Group - SIGI Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SIGI shares.
View SIGI analyst ratings or view top-rated stocks.

2 brokerages have issued 12 month target prices for Selective Insurance Group's shares. Their SIGI share price forecasts range from $96.00 to $105.00. On average, they predict the company's share price to reach $100.50 in the next year. This suggests a possible upside of 5.2% 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 on January 1st, 2022. Since then, SIGI stock has increased by 16.5% and is now trading at $95.50.
View the best growth stocks for 2022 here.

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

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced its earnings results on Wednesday, October, 27th. The insurance provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.01. The insurance provider had revenue of $865 million for the quarter, compared to analyst estimates of $839.39 million. Selective Insurance Group had a net margin of 6.76% and a trailing twelve-month return on equity of 12.79%. Selective Insurance Group's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share.

Selective Insurance Group declared a quarterly dividend on Wednesday, November 2nd. Investors 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 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Monday, November 14th. This is an increase 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 1.25%. 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 19.58% 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.13%), Vanguard Group Inc. (9.77%), Macquarie Group Ltd. (4.24%), State Street Corp (3.43%), Alliancebernstein L.P. (3.09%) and Dimensional Fund Advisors LP (2.35%). 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, Michael J Morrissey, Michael J Morrissey, Terrence W Cavanaugh, Vincent M Senia, William M Rue and William M Rue.
View institutional ownership trends.

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.

One share of SIGI stock can currently be purchased for approximately $95.50.

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $5.76 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.