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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last year. There are currently 1 sell rating, 4 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.
View SIGI analyst ratings or view top-rated stocks.

6 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 predict the company's stock price to reach $105.17 in the next year. This suggests a possible upside of 3.1% 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 $99.48 at the beginning of the year. Since then, SIGI stock has increased by 2.6% and is now trading at $102.02.
View the best growth stocks for 2024 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SIGI earnings forecast.

Selective Insurance Group will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Selective Insurance Group, Inc. (NASDAQ:SIGI) released 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 had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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%.

Selective Insurance Group announced a quarterly dividend on Wednesday, January 31st. Investors 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 yield of 1.37%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for SIGI.

Selective Insurance Group (NASDAQ:SIGI) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.39%. 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 16.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIGI.

ETFs with the largest weight of Selective Insurance Group (NASDAQ:SIGI) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), JPMorgan Active Small Cap Value ETF (JPSV), SPDR S&P Insurance ETF (KIE), Invesco S&P MidCap Low Volatility ETF (XMLV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), AlphaMark Actively Managed Small Cap ETF (SMCP), iShares U.S. Insurance ETF (IAK) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.95%), Tributary Capital Management LLC (0.46%), Los Angeles Capital Management LLC (0.04%), Ausbil Investment Management Ltd (0.03%), Allspring Global Investments Holdings LLC (0.03%) and State of Michigan Retirement System (0.02%). 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.

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.