Zacks Investment Research disclosed Selective Insurance Group (NASDAQ:SIGI), boosting its price target to $45.00 earlier today
- Updated: October 14, 2016
Boasting a price of $40.43, Selective Insurance Group (NASDAQ:SIGI) traded 0.85% higher on the day. With the last stock price close up 7.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Selective Insurance Group has recorded a 50-day average of $39.80 and a two hundred day average of $37.78. Volume of trade was up over the average, with 243,300 shares of SIGI changing hands over the typical 178,120
Reporting a potential upside of 0.11%, Zacks Investment Research upped the target price of Selective Insurance Group (NASDAQ:SIGI) to $45.00
On 05/04/2016, KBW released a statement for Selective Insurance Group (NASDAQ:SIGI) bumped up the target price from $0.00 to $38.50 that suggested an upside of 0.10%.
With a total market value of $0, Selective Insurance Group has price-earnings ratio of 13.67 with a one year low of $29.27 and a one year high of $41.30 .
A total of 3 equity analysts have released a ratings update on SIGI. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $38.17.
Brief Synopsis About Selective Insurance Group (NASDAQ:SIGI)
Selective Insurance Group, Inc. is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies. Its Standard Personal Lines segment consists of insurance products and services, including flood insurance coverage that it writes through the National Flood Insurance Program, provided to individuals acquiring coverage in the standard marketplace. Its excess and surplus (E&S) Lines segment consists of insurance products and services provided to customers who have not obtained coverage in the standard marketplace. Its investment segment invests insurance premiums, as well as amounts generated through its capital management strategies.
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