On Oct 23, major Wall Street analysts update their ratings for $Selective Insurance (SIGI.US)$, with price targets ranging from $99 to $106.
Oppenheimer analyst Michael Phillips CFA maintains with a buy rating, and maintains the target price at $102.
RBC Capital analyst Scott Heleniak maintains with a hold rating, and adjusts the target price from $96 to $99.
JMP Securities analyst Matthew Carletti maintains with a hold rating.
KBW analyst Meyer Shields maintains with a buy rating, and adjusts the target price from $99 to $106.
Furthermore, according to the comprehensive report, the opinions of $Selective Insurance (SIGI.US)$'s main analysts recently are as follows:
The firm's projections for Selective Insurance's earnings per share have slightly increased due to greater investment income. Nevertheless, it is anticipated that the stock may face challenges in reclaiming its historical premium soon because of the ongoing concerns related to reserving.
Selective Insurance's Q3 results indicated stability when compared to previous quarters, suggesting that reserving practices for recently written business may be in a more favorable position. Core margins across all three units of Selective Insurance have also seen improvement, with a portion of this enhancement being attributed to reduced non-catastrophe property losses.
Here are the latest investment ratings and price targets for $Selective Insurance (SIGI.US)$ from 4 analysts:
Note:
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