Selective Insurance Group - SIGI Stock Forecast, Price & News

3 Wall Street equities research 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 equities research 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 analysts have issued 1-year price targets for Selective Insurance Group's shares. Their SIGI share price forecasts range from $90.00 to $105.00. On average, they predict the company's share price to reach $95.50 in the next twelve months. This suggests that the stock has a possible downside of 5.4%.
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Selective Insurance Group's stock was trading at $88.61 at the start of the year. Since then, SIGI stock has increased by 13.9% and is now trading at $100.90.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SIGI earnings forecast.

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced its quarterly earnings data on Friday, February, 3rd. The insurance provider reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. The insurance provider earned $952.20 million during the quarter, compared to analyst estimates of $965.14 million. Selective Insurance Group had a net margin of 6.25% and a trailing twelve-month return on equity of 13.05%. During the same period in the prior year, the business earned $1.56 earnings per share.

Selective Insurance Group declared a quarterly dividend on Thursday, February 2nd. Investors of record on Wednesday, February 15th will be paid a dividend of $0.30 per share on Wednesday, March 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, February 14th.
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 1.27%. 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 33.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 17.44% 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 EPS 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 many different 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%), Smith Graham & Co. Investment Advisors LP (0.22%) and Peregrine Capital Management LLC (0.20%). 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 $100.90.

Selective Insurance Group (NASDAQ:SIGI) has a market capitalization of $6.08 billion and generates $3.56 billion in revenue each year. The insurance provider earns $403.84 million in net income (profit) each year or $3.54 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.