Selective Insurance Group Inc (NASDAQ: SIGI) is -4.47% 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 $93.17 in the last trading session, with the day’s gains setting it 1.86%.
Currently trading at $95.03, the stock is -2.30% and -1.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 2.00% at the moment leaves the stock -0.28% off its SMA200. SIGI registered -3.88% loss for a year compared to 6-month gain of 4.31%. The firm has a 50-day simple moving average (SMA 50) of $96.5652 and a 200-day simple moving average (SMA200) of $95.34365.
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The stock witnessed a -2.85% loss in the last 1 month and extending the period to 3 months gives it a 4.21%, and is -0.28% 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 2.55% over the week and 2.22% over the month.
Selective Insurance Group Inc (SIGI) has around 2650 employees, a market worth around $5.89B and $4.71B in sales. Current P/E ratio is 25.61 and Fwd P/E is 12.14. Profit margin for the company is 4.82%. Distance from 52-week low is 17.32% and -13.28% from its 52-week high. The company has generated returns on investments over the last 12 months (6.18%).
with sales reaching $1.27B over the same period.The EPS is expected to shrink by -38.10% this year, but quarterly earnings will post 15.19% year-over-year. Quarterly sales are estimated to grow 14.40% in year-over-year returns.
Selective Insurance Group Inc (SIGI) Top Institutional Holders
444.0 institutions hold shares in Selective Insurance Group Inc (SIGI), with institutional investors hold 86.45% of the company’s shares. The shares outstanding are 60.79M, and float is at 60.22M with Short Float at 2.33%. Institutions hold 85.40% 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
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Selective Insurance Group Inc disclosed in a document filed with the SEC on Nov 04 ’24 that Coaxum Wole C (Director) sold a total of 1,903 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $91.56 per share for $0.17 million. Following the transaction, the insider now directly holds 3929.0 shares of the SIGI stock.
Still, SEC filings show that on Oct 25 ’24, Harnett Anthony D. (Officer) Proposed Sale 1,404 shares at an average price of $92.61 for $0.13 million. The insider now directly holds shares of Selective Insurance Group Inc (SIGI).
