Selective InsuranceSIGI
Market Cap: $5.42B
About: Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.
Employees: 2,650
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,455% more call options, than puts
Call options by funds: $591K | Put options by funds: $38K
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 121
2.44% less ownership
Funds ownership: 86.2% [Q1] → 83.76% (-2.44%) [Q2]
5% less funds holding
Funds holding: 325 [Q1] → 310 (-15) [Q2]
16% less capital invested
Capital invested by funds: $5.7B [Q1] → $4.78B (-$927M) [Q2]
32% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 47
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
BMO Capital Michael Zaremski 87% 1-year accuracy 20 / 23 met price target | 6%upside $95 | Market Perform Maintained | 24 Jul 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 8%upside $96 | Sector Perform Maintained | 22 Jul 2024 |
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target | 11%upside $99 | Outperform Upgraded | 22 Jul 2024 |
Piper Sandler Paul Newsome 89% 1-year accuracy 50 / 56 met price target | 5%downside $85 | Neutral Maintained | 22 Jul 2024 |
B of A Securities Grace Carter 83% 1-year accuracy 5 / 6 met price target | 9%upside $97 | Underperform Maintained | 11 Jul 2024 |