The time has not yet come to remove your chips from the table: Selective Insurance Group Inc. (SIGI)

With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.37 million shares. During the session, the Insurance – Property & Casualty company that operates in wider Financial sector, reached to the highest price of $88.29 whereas the lowest price it dropped to was $86.27. The 52-week range on SIGI shows that it touched its highest point at $109.58 and its lowest point at $81.00 during that stretch. It currently has a 1-year price target of $96.14. With its current market cap of 5.33 billion, SIGI has annualized dividend of $1.35 while the current yield stands at 1.54%. Beta for the stock currently stands at 0.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIGI was down-trending over the past week, with a drop of -13.38%, but this was down by -5.52% over a month. Three-month performance dropped to -15.47% while six-month performance fell -17.26%. The stock lost -14.36% in the past year, while it has lost -11.88% so far this year. A look at the trailing 12-month EPS for SIGI yields 3.67 with Next year EPS estimates of 7.80. For the next quarter, that number is 1.68. This implies an EPS growth rate of -29.22% for this year and 87.08% for next year. EPS is expected to grow by 17.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.28%.

Float and Shares Shorts:

At present, 60.64 million SIGI shares are outstanding with a float of 60.23 million shares on hand for trading. On 2024-06-28, short shares totaled 1.25 million, which was 204.99999 higher than short shares on 1717113600. In addition to Mr. John Joseph Marchioni CPCU as the firm’s CEO, President & Chairman, Mr. Anthony David Harnett serves as its Senior VP & Chief Accounting Officer and Interim CFO.

Institutional Ownership:

Through their ownership of 0.85119003 of SIGI’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIGI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.