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In the latest session, Selective Insurance Group Inc. (NASDAQ: SIGI) closed at $91.83 up 1.98% from its previous closing price of $90.05. In other words, the price has increased by $1.98 from its previous closing price. On the day, 0.55 million shares were traded. SIGI stock price reached its highest trading level at $93.84 during the session, while it also had its lowest trading level at $91.68.
Ratios:
For a deeper understanding of Selective Insurance Group Inc.’s stock, let’s take a closer look at its various 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 the company, BMO Capital Markets on October 30, 2024, Upgraded its rating to Outperform and sets its target price to $105 from $95 previously.
On July 22, 2024, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also lowered its target price recommendation from $104 to $99.
On November 16, 2023, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $120.Oppenheimer initiated its Outperform rating on November 16, 2023, with a $120 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 25 ’24 when Harnett Anthony D. bought 1,404 shares for $92.61 per share.
Harnett Anthony D. sold 1,404 shares of SIGI for $130,031 on Oct 25 ’24. The SVP, Chief Accounting Officer now owns 15,946 shares after completing the transaction at $92.61 per share. On Jul 23 ’24, another insider, Cavanaugh Terrence W, who serves as the Director of the company, bought 2,000 shares for $85.85 each. As a result, the insider paid 171,700 and bolstered with 20,651 shares of the company.
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 5582713344 and an Enterprise Value of 5729821696. As of this moment, Selective’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.75, and their Forward P/E ratio for the next fiscal year is 11.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 1.215 whereas that against EBITDA is 15.952.
Stock Price History:
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 -0.13%, while the 200-Day Moving Average is calculated to be -4.77%.
Shares Statistics:
For the past three months, SIGI has traded an average of 358.66K shares per day and 515900 over the past ten days. A total of 60.64M shares are outstanding, with a floating share count of 60.22M. Insiders hold about 0.94% of the company’s shares, while institutions hold 84.96% stake in the company. Shares short for SIGI as of 1728950400 were 1191219 with a Short Ratio of 3.32, compared to 1726185600 on 1119791. Therefore, it implies a Short% of Shares Outstanding of 1191219 and a Short% of Float of 2.5700000000000003.
Dividends & Splits
According to the company, the forward annual dividend rate for SIGI is 1.40, from 1.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.015546918The stock’s 5-year Average Dividend Yield is 1.34.
