In yesterday’s Wall Street session, Selective Insurance Group Inc (NASDAQ:SIGI) shares traded at $102.00, up 2.20% from the previous session.
SIGI stock price is now 7.48% away from the 50-day moving average and 6.35% away from the 200-day moving average. The market capitalization of the company currently stands at $6.20B.
With the price target enhanced from $95 to $105, BMO Capital Markets Upgraded its rating from Market Perform to Outperform for Selective Insurance Group Inc (NASDAQ: SIGI). On July 22, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock reducing its target price from $104 to quote $99, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Coaxum Wole C, Director bought 1,903 shares of the company’s stock on Nov 04 ’24. The stock was bought for $174,239 at an average price of $91.56. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director Coaxum Wole C sold 1,903 shares of the business’s stock. A total of $174,239 was realized by selling the stock at an average price of $91.56. This leaves the insider owning 3,929 shares of the company worth $0.4 million. A total of 0.95% of the company’s stock is owned by insiders.
During the past 12 months, Selective Insurance Group Inc has had a low of $81.00 and a high of $109.58. According to the stock market information, the enterprise value for the company is $6347792896, which is based on a 27.49 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for SIGI is $94.6902 and a two-hundred day moving average price translates $95.90395 for the stock.
The latest earnings results from Selective Insurance Group Inc (NASDAQ: SIGI) was released for 2024-09-30. The net profit margin was 4.82% and return on equity was 8.13% for SIGI.
