Selective InsuranceSIGI
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 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
37% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 35
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]
4.6% less ownership
Funds ownership: 88.11% [Q2] → 83.51% (-4.6%) [Q3]
6% less capital invested
Capital invested by funds: $5.03B [Q2] → $4.74B (-$283M) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 65% 1-year accuracy 68 / 105 met price target | 29%upside $116 | Outperform Maintained | 10 Jan 2025 |
Morgan Stanley Bob Huang 47% 1-year accuracy 7 / 15 met price target | 17%upside $105 | Equal-Weight Initiated | 5 Dec 2024 |
BMO Capital Michael Zaremski 62% 1-year accuracy 16 / 26 met price target | 17%upside $105 | Outperform Upgraded | 30 Oct 2024 |
RBC Capital Scott Heleniak 75% 1-year accuracy 40 / 53 met price target | 10%upside $99 | Sector Perform Maintained | 23 Oct 2024 |
B of A Securities Grace Carter 82% 1-year accuracy 9 / 11 met price target | 14%upside $102 | Underperform Maintained | 22 Oct 2024 |