SIGI Selective Insurance Group Inc

An article discussing Selective Insurance Group Inc. Depositary Shares (NASDAQ: SIGIP) highlights a "Full Alignment in Neutral Sentiment" favoring a wait-and-see approach due to a mid-channel oscillation pattern. It identifies an exceptional 13.4:1 risk-reward short setup targeting a 3.9% downside versus 0.3% risk. The analysis includes AI-generated trading strategies for different risk profiles and emphasizes neutral sentiment across all time horizons.

Piper Sandler has maintained a Neutral rating on Selective Insurance Group (SIGI) and increased its price target from $76.00 to $79.00. This adjustment reflects ongoing scrutiny from various firms, with analyst consensus indicating a "Hold" status for SIGI. While Wall Street analysts have an average price target of $83.71, GuruFocus estimates a GF Value of $115.40, suggesting a potential upside for the stock.

Piper Sandler has increased its price target for Selective Insurance (SIGI) to $79 from $76, while maintaining a Neutral rating on the shares. The firm anticipates generally mixed fourth-quarter results for the insurance sector, with favorable weather likely leading to strong results for most insurers, though pricing commentary may be more conservative. A key indicator will be whether insurers believe they are outpacing claims inflation with their rates.

Assenagon Asset Management S.A. acquired 117,196 shares of Selective Insurance Group (NASDAQ:SIGI) valued at approximately $9.5 million, representing about 0.19% ownership. The company recently increased its quarterly dividend to $0.43 and beat Q3 EPS estimates, with institutional investors holding 82.88% of the stock. Analysts currently rate SIGI as a "Hold" with an average target price of $81.80.

Squarepoint Ops LLC reduced its stake in Selective Insurance Group Inc. (NASDAQ:SIGI) by 47.9% in the second quarter, selling 14,175 shares and holding 15,418 shares valued at $1.34 million. Selective Insurance Group reported strong quarterly earnings, beating EPS estimates, and increased its quarterly dividend to $0.43 per share, representing a 2.0% yield. Analysts currently hold a "Hold" rating for SIGI, with a consensus target price of $81.80.

Thrivent Financial for Lutherans significantly reduced its stake in Selective Insurance Group, selling 33.2% of its shares in Q2, but still holds 58,925 shares valued at $5.11 million. Selective Insurance Group reported strong Q3 earnings, beating analyst estimates with $1.75 EPS and revenues up 9.3% year-over-year. The company has a current market capitalization of $5.11 billion, a P/E ratio of 13.02, and a dividend yield of 2.0% following a recent dividend increase.