The stock of Selective Insurance Group Inc (SIGI) has seen a -2.67% decrease in the past week, with a -7.81% drop in the past month, and a -0.42% decrease in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 2.12% for SIGI. The simple moving average for the last 20 days is -3.14% for SIGI stock, with a simple moving average of -3.99% for the last 200 days.
Is It Worth Investing in Selective Insurance Group Inc (NASDAQ: SIGI) Right Now?
The price-to-earnings ratio for Selective Insurance Group Inc (NASDAQ: SIGI) is above average at 24.53x. The 36-month beta value for SIGI is also noteworthy at 0.62. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for SIGI is 60.22M, and at present, short sellers hold a 2.33% of that float. The average trading volume of SIGI on January 09, 2025 was 351.41K shares.
SIGI) stock’s latest price update
The stock price of Selective Insurance Group Inc (NASDAQ: SIGI) has surged by 0.07 when compared to previous closing price of 90.96, but the company has seen a -2.67% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that 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.
Analysts’ Opinion of SIGI
Many brokerage firms have already submitted their reports for SIGI stocks, with Morgan Stanley repeating the rating for SIGI by listing it as a “Equal-Weight.” The predicted price for SIGI in the upcoming period, according to Morgan Stanley is $105 based on the research report published on December 05, 2024 of the previous year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see SIGI reach a price target of $105, previously predicting the price at $95. The rating they have provided for SIGI stocks is “Outperform” according to the report published on October 30th, 2024.
Keefe Bruyette gave a rating of “Outperform” to SIGI, setting the target price at $99 in the report published on July 22nd of the previous year.
SIGI Trading at -5.17% from the 50-Day Moving Average
After a stumble in the market that brought SIGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.94% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -6.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.38% lower at present.
During the last 5 trading sessions, SIGI fell by -2.67%, which changed the moving average for the period of 200-days by -11.67% in comparison to the 20-day moving average, which settled at $93.97. In addition, Selective Insurance Group Inc saw -2.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SIGI starting from Coaxum Wole C, who proposed sale 1,903 shares at the price of $91.56 back on Nov 04 ’24. After this action, Coaxum Wole C now owns shares of Selective Insurance Group Inc, valued at $174,239 using the latest closing price.
Coaxum Wole C, the Director of Selective Insurance Group Inc, sale 1,903 shares at $91.56 during a trade that took place back on Nov 04 ’24, which means that Coaxum Wole C is holding 3,929 shares at $174,239 based on the most recent closing price.
Stock Fundamentals for SIGI
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.97 for the gross margin
The net margin for Selective Insurance Group Inc stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 8.13, with 2.08 for asset returns.
Based on Selective Insurance Group Inc (SIGI), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 2.02. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 46.86.
Currently, EBITDA for the company is 517.25 million with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 3.07for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In summary, Selective Insurance Group Inc (SIGI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
