Selective InsuranceSIGI
SIGI
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,871% more call options, than puts
Call options by funds: $1.93M | Put options by funds: $65K
23% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 39
3% more funds holding
Funds holding: 312 [Q2] → 321 (+9) [Q3]
3% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 115
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
4.61% less ownership
Funds ownership: 87.45% [Q2] → 82.85% (-4.61%) [Q3]
6% less capital invested
Capital invested by funds: $4.99B [Q2] → $4.7B (-$284M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$99
6%
upside
Avg. target
$103
10%
upside
High target
$105
12%
upside
4 analyst ratings
1 positive
25%
2 neutral
50%
1 negative
25%
Morgan Stanley Bob Huang 53% 1-year accuracy 8 / 15 met price target | 12%upside $105 | Equal-Weight Initiated | 5 Dec 2024 |
BMO Capital Michael Zaremski 64% 1-year accuracy 16 / 25 met price target | 12%upside $105 | Outperform Upgraded | 30 Oct 2024 |
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target | 6%upside $99 | Sector Perform Maintained | 23 Oct 2024 |
B of A Securities Grace Carter 73% 1-year accuracy 8 / 11 met price target | 9%upside $102 | Underperform Maintained | 22 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
4 days ago
SIGI Stock Rises 5.2% in 6 Months but Lags Industry: What's Next?
Selective Insurance rides on solid retention rates, higher new business gains and renewal pure price increases, offset by higher expenses and exposure to cat loss.
Positive
Zacks Investment Research
1 month ago
Why Is Selective Insurance (SIGI) Up 4% Since Last Earnings Report?
Selective Insurance (SIGI) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
1 month ago
17 Upcoming Dividend Increases
This week, 17 companies with an average dividend increase of 8.3% are highlighted, emphasizing consistent dividend growth and outperforming benchmarks. My investment strategy focuses on buying, holding, and adding companies with consistent dividend increases and superior performance compared to benchmarks. The list is created using data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, featuring companies with at least five years of dividend growth.
Neutral
Seeking Alpha
1 month ago
Selective Insurance Group, Inc. (SIGI) Q3 2024 Earnings Call Transcript
Selective Insurance Group, Inc. (NASDAQ:SIGI ) Q3 2024 Results Conference Call October 22, 2024 8:30 AM ET Company Participants Brad Wilson - Senior Vice President, Investor Relations and Treasurer John Marchioni - Chairman of the Board, President and Chief Executive Officer Tony Harnett - Senior Vice President and Chief Accounting Officer Patrick Brennan - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Phillips - Oppenheimer Michael Zaremski - BMO Paul Newsome - Piper Sandler Scott Heleniak - RBC Capital Markets Grace Carter - Bank of America Meyer Shields - Keefe, Bruyette & Woods Matt Carletti - Citizens JMP Operator Ladies and gentlemen, thank you for standing by. Welcome to Selective Insurance Group, Incorporated Third Quarter 2024 Earnings Call.
Neutral
Zacks Investment Research
1 month ago
Selective Insurance Misses Q3 Earnings Estimates, Raises Dividend
SIGI's Q3 results reflect average renewal pure price increases and stable retention, offset by higher catastrophe losses and expenses.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Selective Insurance (SIGI) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Selective Insurance (SIGI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
1 month ago
Selective Insurance (SIGI) Misses Q3 Earnings and Revenue Estimates
Selective Insurance (SIGI) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.51 per share a year ago.
Neutral
Business Wire
1 month ago
Selective Reports Third Quarter 2024 Results
BRANCHVILLE, N.J.--(BUSINESS WIRE)--Selective reports third quarter 2024 results.
Positive
Zacks Investment Research
2 months ago
Insights Into Selective Insurance (SIGI) Q3: Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Selective Insurance (SIGI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Neutral
Zacks Investment Research
2 months ago
Selective Insurance (SIGI) Earnings Expected to Grow: Should You Buy?
Selective Insurance (SIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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