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Selective Insurance Group Inc (SIGI) Stock Forecast & Price Prediction

Live SIGI Stock Price & Analysis

Home โ€บ Stocks โ€บ United States | NASDAQ | Financial Services | Insurance - Property & Casualty

$84.35

-0.89 (-1.04%)

12 Month Price Forecast For SIGI

$84.35
Current Price
$5.12B
Market Cap
8 Ratings
Buy 2
Hold 6
Sell 0
Wall St Analyst Ratings

Distance to SIGI Price Forecasts

+24.5%
To High Target of $105.00
+10.3%
To Median Target of $93.00
+3.1%
To Low Target of $87.00

SIGI Price Momentum

-1.4%
1 Week Change
-6.0%
1 Month Change
-18.1%
1 Year Change
-9.8%
Year-to-Date Change
-23.0%
From 52W High of $109.58
+4.3%
From 52W Low of $80.84

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 11, 2025 2:31 PM UTC

SIGI Analyst Ratings & Price Targets

Based on our analysis of 13 Wall Street analysts, SIGI has a neutral consensus with a median price target of $93.00 (ranging from $87.00 to $105.00). The overall analyst rating is Buy (6.8/10). Currently trading at $84.35, the median forecast implies a 10.3% upside. This outlook is supported by 2 Buy, 6 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Bob Huang at Morgan Stanley, projecting a 24.5% upside. Conversely, the most conservative target is provided by Bob Huang at Morgan Stanley, suggesting a 3.1% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

SIGI Analyst Consensus

2
Buy
6
Hold
0
Sell

SIGI Price Target Range

Low
$87.00
Average
$93.00
High
$105.00
Current: $84.35

Latest SIGI Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for SIGI.

Date Firm Analyst Rating Change Price Target
Feb 7, 2025 Keefe, Bruyette & Woods Meyer Shields Market Perform Downgrade $93.00
Feb 3, 2025 Morgan Stanley Bob Huang Equal-Weight Maintains $87.00
Jan 30, 2025 JMP Securities Karol Chmiel Market Perform Reiterates $0.00
Jan 10, 2025 Keefe, Bruyette & Woods Meyer Shields Outperform Maintains $116.00
Dec 5, 2024 Morgan Stanley Bob Huang Equal-Weight Initiates $105.00
Oct 30, 2024 BMO Capital Michael Zaremski Outperform Upgrade $105.00
Oct 23, 2024 RBC Capital Scott Heleniak Sector Perform Maintains $99.00
Oct 22, 2024 B of A Securities Grace Carter Underperform Maintains $102.00
Oct 10, 2024 B of A Securities Grace Carter Underperform Maintains $96.00
Jul 24, 2024 BMO Capital Michael Zaremski Market Perform Maintains $95.00
Jul 23, 2024 JMP Securities Matthew Carletti Market Perform Reiterates $0.00
Jul 22, 2024 Piper Sandler Paul Newsome Neutral Maintains $85.00
Jul 22, 2024 Keefe, Bruyette & Woods Meyer Shields Outperform Upgrade $99.00
Jul 22, 2024 RBC Capital Scott Heleniak Sector Perform Maintains $96.00
Jul 11, 2024 B of A Securities Grace Carter Underperform Maintains $97.00
Jun 24, 2024 RBC Capital Scott Heleniak Sector Perform Reiterates $103.00
Apr 15, 2024 JMP Securities Matthew Carletti Market Perform Reiterates $0.00
Apr 5, 2024 Oppenheimer Michael Phillips Outperform Maintains $120.00
Apr 1, 2024 Piper Sandler Paul Newsome Neutral Maintains $104.00
Feb 6, 2024 Keefe, Bruyette & Woods Meyer Shields Market Perform Maintains $109.00

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The following stocks are similar to Selective Insurance based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Selective Insurance Group Inc (SIGI) Financial Data

Selective Insurance Group Inc has a market capitalization of $5.12B with a P/E ratio of 26.1x. The company generates $4.72B in trailing twelve-month revenue with a 5.0% profit margin.

Revenue growth is +15.1% quarter-over-quarter, while maintaining an operating margin of +9.9% and return on equity of +8.1%.

Valuation Metrics

Market Cap $5.12B
Enterprise Value $5.86B
P/E Ratio 26.1x
PEG Ratio 10.8x
Price/Sales 1.1x

Growth & Margins

Revenue Growth (YoY) +15.1%
Gross Margin N/A
Operating Margin +9.9%
Net Margin +5.0%
EPS Growth +3.4%

Financial Health

Cash/Price Ratio +10.9%
Current Ratio 0.4x
Debt/Equity 16.0x
ROE +8.1%
ROA +1.6%

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Selective Insurance Group Inc (SIGI) Company Overview

About Selective Insurance Group Inc

What They Do

Provides insurance products and services in the US.

Business Model

The company generates revenue through various insurance segments including Standard Commercial Lines, Standard Personal Lines, and E&S Lines. It sells casualty, property, and flood insurance products to a diverse clientele, including businesses and individuals, primarily through independent agents. Additionally, it earns income from investments in fixed income, commercial mortgage loans, and other securities.

Additional Information

Founded in 1926 and headquartered in Branchville, New Jersey, the company has a long-standing presence in the insurance market. Its diversified approach allows it to mitigate risks and capitalize on different market opportunities.

Company Information

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

2,650

CEO

Mr. John Joseph Marchioni CPCU

Country

United States

IPO Year

1990

Selective Insurance Group Inc (SIGI) Latest News & Analysis

SIGI stock latest news image
Quick Summary

Selective Insurance Group, Inc. (NASDAQ: SIGI) will hold its Q4 2024 earnings conference call on January 30, 2025, at 8:30 AM ET, featuring key executives and analysts.

Why It Matters

The earnings call provides insights into Selective Insurance Group's financial performance and strategic direction, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
SIGI stock latest news image
Quick Summary

SIGI's Q4 results show increased net investment income, reduced catastrophe losses, and higher average renewal prices, but were impacted by rising expenses.

Why It Matters

Improved net investment income and lower catastrophe losses can enhance profitability, while higher expenses may pressure margins. Overall, this could influence stock performance and investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Neutral
SIGI stock latest news image
Quick Summary

Selective Insurance reported its fourth quarter and year-end results for 2024. Further details on financial performance were not provided in the excerpt.

Why It Matters

Selective's Q4 and year-end results provide insights into its financial performance, impacting stock valuation and investor sentiment. Strong results may signal growth potential, while weak results could raise concerns.

Source: Business Wire
Market Sentiment: Neutral
SIGI stock latest news image
Quick Summary

Selective Insurance (SIGI) reported Q3 earnings of $1.62 per share, below the Zacks estimate of $1.98, and down from $1.94 per share year-over-year.

Why It Matters

Selective Insurance's earnings miss signals potential operational issues or declining profitability, impacting investor confidence and possibly leading to stock price volatility.

Source: Zacks Investment Research
Market Sentiment: Negative
SIGI stock latest news image
Quick Summary

Selective Insurance (SIGI) reported its quarterly performance for December 2024; comparing key metrics to Wall Street estimates and the previous year's figures is recommended for investors.

Why It Matters

Selective Insurance's performance relative to Wall Street estimates and prior year metrics can indicate growth, operational efficiency, and market competitiveness, impacting stock valuation and investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Positive
SIGI stock latest news image
Quick Summary

Selective Insurance (SIGI) is not expected to achieve a likely earnings beat in its upcoming report due to a lack of key performance indicators.

Why It Matters

Selective Insurance's potential earnings miss may signal financial instability, impacting stock performance and investor confidence. Adjustments to forecasts may be necessary.

Source: Zacks Investment Research
Market Sentiment: Neutral

Frequently Asked Questions About SIGI Stock

What is Selective Insurance Group Inc's (SIGI) stock forecast for 2025?

Based on our analysis of 13 Wall Street analysts, Selective Insurance Group Inc (SIGI) has a median price target of $93.00. The highest price target is $105.00 and the lowest is $87.00.

Is SIGI stock a good investment in 2025?

According to current analyst ratings, SIGI has 2 Buy ratings, 6 Hold ratings, and 0 Sell ratings. The stock is currently trading at $84.35. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for SIGI stock?

Wall Street analysts predict SIGI stock could reach $93.00 in the next 12 months. This represents a 10.3% increase from the current price of $84.35. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Selective Insurance Group Inc's business model?

The company generates revenue through various insurance segments including Standard Commercial Lines, Standard Personal Lines, and E&S Lines. It sells casualty, property, and flood insurance products to a diverse clientele, including businesses and individuals, primarily through independent agents. Additionally, it earns income from investments in fixed income, commercial mortgage loans, and other securities.

What is the highest forecasted price for SIGI Selective Insurance Group Inc?

The highest price target for SIGI is $105.00 from Bob Huang at Morgan Stanley, which represents a 24.5% increase from the current price of $84.35.

What is the lowest forecasted price for SIGI Selective Insurance Group Inc?

The lowest price target for SIGI is $87.00 from Bob Huang at Morgan Stanley, which represents a 3.1% increase from the current price of $84.35.

What is the overall SIGI consensus from analysts for Selective Insurance Group Inc?

The overall analyst consensus for SIGI is neutral. Out of 13 Wall Street analysts, 2 rate it as Buy, 6 as Hold, and 0 as Sell, with a median price target of $93.00.

How accurate are SIGI stock price projections?

Stock price projections, including those for Selective Insurance Group Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.