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Selective Insurance Group (NASDAQ:SIGI) has been upgraded to Strong-Buy in a statement by BidaskClub earlier today.

BidaskClub has upgraded Selective Insurance Group (NASDAQ:SIGI) to Strong-Buy in a statement released on 6/17/2017.

Boasting a price of $51.20, Selective Insurance Group (NASDAQ:SIGI) traded 0.68% higher on the day. With the last close up 5.31% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Selective Insurance Group has recorded a 50-day average of $50.39 and a two hundred day average of $49.57. Volume of trade was down over the average, with 114,060 shares of SIGI changing hands under the typical 189,773

Performance Chart

Selective Insurance Group (NASDAQ:SIGI)

With a total market value of $0, Selective Insurance Group has price-earnings ratio of 18.18 with a one year low of $34.95 and a one year high of $53.75 .

A total of 3 analysts have released a research note on SIGI. zero analysts rating the company a strong buy, one analyst rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $38.17.

More About Selective Insurance Group (NASDAQ:SIGI)

Selective Insurance Group, Inc. is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market. Its segments include Standard Commercial Lines, which consists of insurance products and services provided in the standard marketplace; Standard Personal Lines, which consists of insurance products and services, including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP); E&S Lines, which consists of insurance products and services provided to customers not obtaining coverage in the standard marketplace, and investment segment invests insurance premiums, as well as amounts generated through its capital management strategies.

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