Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $94.02 in the prior trading day, Selective Insurance Group Inc (NASDAQ: SIGI) closed at $82.14, down -12.64%. In other words, the price has decreased by -$12.64 from its previous closing price. On the day, 1.86 million shares were traded. SIGI stock price reached its highest trading level at $89.96 during the session, while it also had its lowest trading level at $80.84.
Ratios:
Our goal is to gain a better understanding of SIGI by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on December 05, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $105.
On October 30, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $95 to $105.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on July 22, 2024, whereas the target price for the stock was revised from $104 to $99.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 04 ’24 when Coaxum Wole C bought 1,903 shares for $91.56 per share.
Coaxum Wole C sold 1,903 shares of SIGI for $174,239 on Nov 04 ’24. The Director now owns 3,929 shares after completing the transaction at $91.56 per share. On Oct 25 ’24, another insider, Harnett Anthony D., who serves as the Officer of the company, bought 1,404 shares for $92.61 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SIGI now has a Market Capitalization of 4993618944 and an Enterprise Value of 5862960640. As of this moment, Selective’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.50, and their Forward P/E ratio for the next fiscal year is 9.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 1.243 whereas that against EBITDA is 16.323.
Stock Price History:
The Beta on a monthly basis for SIGI is 0.62, which has changed by -0.054029584 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, SIGI has reached a high of $109.58, while it has fallen to a 52-week low of $81.00. The 50-Day Moving Average of the stock is -13.68%, while the 200-Day Moving Average is calculated to be -12.57%.
Shares Statistics:
The stock has traded on average 324.95K shares per day over the past 3-months and 286680 shares per day over the last 10 days, according to various share statistics. A total of 60.79M shares are outstanding, with a floating share count of 60.22M. Insiders hold about 0.95% of the company’s shares, while institutions hold 84.95% stake in the company. Shares short for SIGI as of 1736899200 were 1263058 with a Short Ratio of 3.89, compared to 1734048000 on 1404893. Therefore, it implies a Short% of Shares Outstanding of 1263058 and a Short% of Float of 2.73.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.36. The current Payout Ratio is 44.32% for SIGI, which recently paid a dividend on 2024-11-15 with an ex-dividend date of 1731628800. Stock splits for the company last occurred on 2007-02-21 when the company split stock in a 2:1 ratio.
