Selective Insurance Group Inc. (NASDAQ: SIGI) is 9.74% higher on its value in year-to-date trading and has touched a low of $91.93 and a high of $108.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SIGI stock was last observed hovering at around $107.42 in the last trading session, with the day’s gains setting it 1.75%.
Currently trading at $109.17, the stock is 4.83% and 5.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.36 million and changing 1.63% at the moment leaves the stock 7.45% off its SMA200. SIGI registered 17.77% gain for a year compared to 6-month loss of 4.12%. The firm has a 50-day simple moving average (SMA 50) of $1.73.
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The stock witnessed a 5.32% gain in the last 1 month and extending the period to 3 months gives it a 10.29%, and is 4.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.81% over the week and 1.66% over the month.
Selective Insurance Group Inc. (SIGI) has around 2650 employees, a market worth around $6.62B and $4.22B in sales. Current P/E ratio is 18.70 and Fwd P/E is 12.60. Profit margin for the company is 8.44%. Distance from 52-week low is 18.75% and 0.92% from its 52-week high. The company has generated returns on investments over the last 12 months (10.20%).
Selective Insurance Group Inc. quarterly earnings per share for the current quarter are estimated at $1.82 with sales reaching $1.12B over the same period.The EPS is expected to grow by 30.77% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to grow 15.00% in year-over-year returns.
460 institutions hold shares in Selective Insurance Group Inc. (SIGI), with institutional investors hold 86.23% of the company’s shares. The shares outstanding are 60.64M, and float is at 59.67M with Short Float at 1.68%. Institutions hold 84.75% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.34 million shares valued at $704.22 million. The investor’s holdings represent 12.12% of the SIGI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.12 million shares valued at $587.56 million to account for 10.11% of the shares outstanding. The other top investors are FMR, LLC which holds 3.47 million shares representing 5.73% and valued at over $332.78 million, while T. Rowe Price Investment Management, Inc. holds 4.34% of the shares totaling 2.63 million with a market value of $252.36 million.
Selective Insurance Group Inc. (SIGI) Insider Activity
The most recent transaction is an insider sale by Hall Brenda M, the company’s EVP, COO, Standard Lines. SEC filings show that Hall Brenda M sold 2,626 shares of the company’s common stock on Mar 04 ’24 at a price of $105.88 per share for a total of $0.28 million. Following the sale, the insider now owns 10511.0 shares.
Selective Insurance Group Inc. disclosed in a document filed with the SEC on Feb 16 ’24 that DOHERTY ROBERT KELLY (Director) sold a total of 2,900 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $104.69 per share for $0.3 million. Following the transaction, the insider now directly holds 21515.0 shares of the SIGI stock.
Still, SEC filings show that on Feb 02 ’24, Cavanaugh Terrence W (Director) acquired 1,000 shares at an average price of $98.47 for $98470.0. The insider now directly holds 16,464 shares of Selective Insurance Group Inc. (SIGI).
