Shares of Selective Insurance Group (NASDAQ:SIGI) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.50.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group lifted their price target on shares of Selective Insurance Group from $54.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, October 31st. JMP Securities started coverage on shares of Selective Insurance Group in a research report on Friday, November 16th. They set a “market perform” rating on the stock. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, November 15th. Finally, BidaskClub upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st.
Selective Insurance Group stock traded up $0.37 during midday trading on Friday, hitting $60.30. 1,099 shares of the stock were exchanged, compared to its average volume of 143,122. Selective Insurance Group has a 1 year low of $53.55 and a 1 year high of $67.17. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.33 and a quick ratio of 0.33.
In related news, Director Paul D. Bauer sold 2,500 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $64.40, for a total transaction of $161,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SIGI. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Selective Insurance Group in the 4th quarter valued at approximately $52,892,000. Arizona State Retirement System raised its holdings in Selective Insurance Group by 6.3% during the 4th quarter. Arizona State Retirement System now owns 90,688 shares of the insurance provider’s stock worth $5,527,000 after buying an additional 5,340 shares during the period. Private Capital Group LLC raised its holdings in Selective Insurance Group by 55.5% during the 4th quarter. Private Capital Group LLC now owns 1,056 shares of the insurance provider’s stock worth $64,000 after buying an additional 377 shares during the period. First Quadrant L P CA acquired a new stake in Selective Insurance Group during the 4th quarter worth approximately $108,000. Finally, Strs Ohio raised its holdings in Selective Insurance Group by 1.6% during the 4th quarter. Strs Ohio now owns 89,700 shares of the insurance provider’s stock worth $5,466,000 after buying an additional 1,400 shares during the period. 78.45% of the stock is currently owned by institutional investors and hedge funds.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.
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