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NASDAQ:SIGI

Selective Insurance Group (SIGI) Stock Price, News & Analysis

$109.17
+1.75 (+1.63%)
(As of 05:22 PM ET)
Today's Range
$107.40
$109.58
50-Day Range
$96.80
$107.42
52-Week Range
$91.99
$109.58
Volume
351,856 shs
Average Volume
321,444 shs
Market Capitalization
$6.62 billion
P/E Ratio
18.73
Dividend Yield
1.28%
Price Target
$105.50

Selective Insurance Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.4% Downside
$105.50 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
1.38mentions of Selective Insurance Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$278,041 Sold Last Quarter
Proj. Earnings Growth
10.16%
From $7.68 to $8.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Finance Sector

186th out of 850 stocks

Fire, Marine, & Casualty Insurance Industry

11th out of 51 stocks

SIGI stock logo

About Selective Insurance Group Stock (NASDAQ:SIGI)

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers 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; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. The company was founded in 1926 and is headquartered in Branchville, New Jersey.

SIGI Stock Price History

SIGI Stock News Headlines

Selective Insurance Group Inc.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
SIGI Mar 2024 125.000 call
SIGI Mar 2024 80.000 call
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
Selective Insurance Group Shares Key Financial Data
Q4 2023 Selective Insurance Group Inc Earnings Call
Should You Retain Selective Insurance (SIGI) Stock Now?
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Current Symbol
NASDAQ:SIGI
CUSIP
81630010
Employees
2,650
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$105.50
High Stock Price Target
$120.00
Low Stock Price Target
$93.00
Potential Upside/Downside
-3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$365.24 million
Pretax Margin
10.83%

Debt

Sales & Book Value

Annual Sales
$4.23 billion
Cash Flow
$6.80 per share
Book Value
$45.46 per share

Miscellaneous

Free Float
59,732,000
Market Cap
$6.61 billion
Optionable
Optionable
Beta
0.55

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Key Executives

  • Mr. John Joseph Marchioni CPCU (Age 54)
    CEO, President & Chairman
    Comp: $3.18M
  • Mr. Michael Haran Lanza (Age 62)
    Executive VP, General Counsel & Chief Compliance Officer
    Comp: $1.17M
  • Ms. Brenda Marie HallMs. Brenda Marie Hall (Age 53)
    Executive VP & COO of Standard Lines
    Comp: $1.15M
  • Mr. Vincent Matthew Senia (Age 60)
    Executive VP & Chief Actuary
    Comp: $999.14k
  • Mr. Anthony David Harnett (Age 51)
    Senior VP & Chief Accounting Officer and Interim CFO
  • Mr. Joseph Owen Eppers CFA
    Executive VP & Chief Investment Officer
  • Mr. John Patrick Bresney
    Executive VP & Chief Information Officer
  • Mr. Brad Bryant Wilson
    Senior VP of Investor Relations & Treasurer
  • Mr. Rohit Mull
    Executive VP, Chief Marketing & Innovation Officer
  • Ms. Lucinda Bennett
    Executive VP & Chief HR Officer

SIGI Stock Analysis - Frequently Asked Questions

Should I buy or sell Selective Insurance Group stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. There are currently 1 sell rating, 3 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.
View SIGI analyst ratings
or view top-rated stocks.

What is Selective Insurance Group's stock price target for 2024?

5 equities research analysts have issued 1 year target prices for Selective Insurance Group's shares. Their SIGI share price targets range from $93.00 to $120.00. On average, they anticipate the company's stock price to reach $105.50 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for SIGI
or view top-rated stocks among Wall Street analysts.

How have SIGI shares performed in 2024?

Selective Insurance Group's stock was trading at $99.48 at the start of the year. Since then, SIGI stock has increased by 9.7% and is now trading at $109.17.
View the best growth stocks for 2024 here
.

When is Selective Insurance Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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, January, 31st. The insurance provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.92 by $0.02. The insurance provider earned $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Selective Insurance Group had a net margin of 8.57% and a trailing twelve-month return on equity of 14.43%.

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, January 31st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.35 per share on Friday, March 1st. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for SIGI
.

Is Selective Insurance Group a good dividend stock?

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.33%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIGI will have a dividend payout ratio of 16.55% 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).

Who are Selective Insurance Group's major shareholders?

Selective Insurance Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.23%), Vanguard Group Inc. (10.23%), Wellington Management Group LLP (2.39%), Dimensional Fund Advisors LP (2.28%), Victory Capital Management Inc. (1.96%) and Northern Trust Corp (1.63%). 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, John J Marchioni, Michael J Morrissey, Michael J Morrissey, Vincent M Senia, William M Rue, Wole C Coaxum and Wole C Coaxum.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SIGI) was last updated on 3/28/2024 by MarketBeat.com Staff

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