Selective Insurance Group Inc. (NASDAQ: SIGI) is -4.19% lower on its value in year-to-date trading and has touched a low of $81.00 and a high of $109.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SIGI stock was last observed hovering at around $93.32 in the last trading session, with the day’s gains setting it 1.99%.
Currently trading at $95.31, the stock is 1.33% and 4.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 2.13% at the moment leaves the stock -1.39% off its SMA200. SIGI registered -7.07% loss for a year compared to 6-month loss of -7.59%. The firm has a 50-day simple moving average (SMA 50) of $91.6206 and a 200-day simple moving average (SMA200) of $96.6561.
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The stock witnessed a 4.41% gain in the last 1 month and extending the period to 3 months gives it a 7.27%, and is -1.94% down 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 3.29% over the week and 2.22% over the month.
Selective Insurance Group Inc. (SIGI) has around 2650 employees, a market worth around $5.80B and $4.71B in sales. Current P/E ratio is 25.69 and Fwd P/E is 12.35. Profit margin for the company is 4.83%. Distance from 52-week low is 17.67% and -13.02% from its 52-week high. The company has generated returns on investments over the last 12 months (6.18%).
The EPS is expected to shrink by -36.72% this year
434.0 institutions hold shares in Selective Insurance Group Inc. (SIGI), with institutional investors hold 86.16% of the company’s shares. The shares outstanding are 60.64M, and float is at 60.26M with Short Float at 2.00%. Institutions hold 85.12% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.88 million shares valued at $739.76 million. The investor’s holdings represent 12.9613 of the SIGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.56 million shares valued at $615.23 million to account for 10.7794 of the shares outstanding. The other top investors are FMR LLC which holds 4.25 million shares representing 6.9903 and valued at over $398.97 million, while STATE STREET CORP holds 3.8315 of the shares totaling 2.33 million with a market value of $218.68 million.
Selective Insurance Group Inc. (SIGI) Insider Activity
The most recent transaction is an insider purchase by Cavanaugh Terrence W, the company’s Director. SEC filings show that Cavanaugh Terrence W bought 2,000 shares of the company’s common stock on Jul 23 ’24 at a price of $85.85 per share for a total of $0.17 million. Following the purchase, the insider now owns 20651.0 shares.
Selective Insurance Group Inc. disclosed in a document filed with the SEC on Jul 22 ’24 that Marchioni John J. (President and CEO) bought a total of 2,400 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $83.56 per share for $0.2 million. Following the transaction, the insider now directly holds 0.14 million shares of the SIGI stock.
Still, SEC filings show that on Mar 04 ’24, Hall Brenda M (EVP, COO, Standard Lines) disposed off 2,626 shares at an average price of $105.88 for $0.28 million. The insider now directly holds 10,511 shares of Selective Insurance Group Inc. (SIGI).
