Selective Insurance Group Inc. (SIGI): Check on its recent ratings

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Selective Insurance Group Inc. (NASDAQ:SIGI) changes shares on Thursday trading session, with a change of 0.64% or $0.33 shares. The trading starts at $51.13 and closed at $51.72 throughout the day. The trading session low price was $51.00 and day high was $52.88 on Thursday, June 18. After the session, the Financial sector daily volume shifted to 0.23 million while its average volume is 369.56K. In other hand, the SIGI market cap reached to $3.11B. While, its current target price is $52.05 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.52% and up 5.79% for month. Its quarterly performance was 8.08% above, while its half year performance is down -23.00%. SIGI yearly performance stood at negative -31.87% and fall -20.16% for year-to-date. Current recommendation for Selective Insurance Group Inc. is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SIGI EPS (TTM) for 12-month is 3.75. EPS for this year is 51.10%, while for the next year its value is 4.08. Sales growth for the current quarter is 15.70 while its EPS Q/Q reached -75.40%. It has an EPS of 12.90% up for past five years and for the next five years will be up 0.88%.

Let’s take a look on the analyst recommendations on SIGI for the current month and previous month. For the current month, 2 of 8 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 8 analysts participate in stock recommendation. Out of 8, 1 rated it sell, 1 rated it as Buy and 6 as Hold Ratings. On the other hand, target price ranges from $48.00-$65.00. Average target price for SIGI was reached at $55.33.

Blackrock Inc., Vanguard Group, Inc. (The) and Macquarie Group Limited are the top three holders in Selective Insurance Group Inc. (SIGI) stock. On Mar 30, 2020, Blackrock Inc. has 6.78 million shares which valued 337.07 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 5.71 million shares which valued at 284.01 million. On Mar 30, 2020, Macquarie Group Limited has a total of 2.65 million shares which valued at 131.61 million. In the end, Macquarie Group Limited have 4.43% shares outstanding of Selective Insurance Group Inc. (SIGI) on Mar 30, 2020. The insider ownership moved to 2.00% and institutional holding shifted to 80.30%.

The company posted an EPS (TTM) of 3.75. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of 0.42, while 1.16 EPS posted a year ago period. Analyst Estimated EPS for SIGI published in the report was 0.15-0.82 during the same period. Comparing with last year, the average estimated EPS was 1.16 which is higher than 0.84 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SIGI fall -16.36% for period of 200 days. SMA for 50 days was 2.76% which is showing green signal, while SMA-20 was -2.44%. The moving average value for Selective Insurance Group Inc. (SIGI) is 57.52 and 50.87 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SIGI stock. On May 29, RUE WILLIAM M, Director, bought 25,000 trading shares at the cost of $52.45, which valued at 1.31 million. On May 15, Cavanaugh Terrence W, Director, bought 1,000 shares at the cost of $46.02, with total shares of 8,918. On Feb 06, Nicholson Cynthia S, Director, sold 5,964 shares at the cost of 68.07. After this transaction, Nicholson Cynthia S total shares reached to 19,869 which valued at 0.41 million.