RBC Capital analyst Scott Heleniak maintained a Hold rating on Selective Insurance Group (SIGI – Research Report) yesterday and set a price target of $103.00. The company’s shares closed yesterday at $95.77.
According to TipRanks, Heleniak is a 4-star analyst with an average return of 13.5% and a 76.71% success rate. Heleniak covers the Financial sector, focusing on stocks such as Arch Capital Group, CNO Financial, and Radian Group.
In addition to RBC Capital, Selective Insurance Group also received a Hold from JMP Securities’s Matthew Carletti in a report issued yesterday. However, on the same day, Oppenheimer maintained a Buy rating on Selective Insurance Group (NASDAQ: SIGI).
The company has a one-year high of $109.58 and a one-year low of $90.82. Currently, Selective Insurance Group has an average volume of 330.3K.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SIGI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Selective Insurance Group (SIGI) Company Description:
Selective Insurance Group, Inc. provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies. The Standard Personal Lines segment comprises of insurance products and services, including flood insurance coverage. The E&S Lines segment includes insurance products and services provided to customers who are not obtained coverage in the standard marketplace. The Investments segment invests the premiums collected by various segments; and engages in the issuance of debt and equity securities. Selective Insurance Group was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.
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