This Analyst Recently Issued Research Note On Selective Insurance Group Inc. (SIGI)


As of Wednesday close, Selective Insurance Group Inc.’s (NASDAQ:SIGI) stock was up $0.5, moving up 0.53 percent to $94.49. The average number of shares traded per day over the past five days has been 211,920 shares. 5 times new highs have been achieved over the past 5 days, with a $2.87 gain in that time frame. In the last twenty days, the average volume was 292,310, while in the previous 50 days, it was 306,734.

Since last month, SIGI stock rose 1.46%. Shares of the company fell to $86.61 on 11/03/22, the lowest level in the past month. A 52-week high of $98.80 was reached on 11/01/22 after having rallying from a 52-week low of $66.81. Since the beginning of this year, SIGI’s stock price has risen by 15.32% or $12.55, and marked a new high 20 times. However, the stock has declined by -4.36% since its 52-week high.

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SIGI stock investors should be aware that Selective Insurance Group Inc. (SIGI) stock had its last reported insider trading activity 16 days ago on Nov 08. THEBAULT J BRIAN, the Director of the company, disposed of 3,269 shares for $93.28 on Nov 08. It resulted in a $304,924 divestment by the insider. Nicholson Cynthia S sold 6,600 shares at an average price of $83.23 on Aug 16. The insider now owns 19,885 shares following the transaction. On Jun 01, Director THEBAULT J BRIAN sold 13,584 shares at $77.60 apiece. The transaction was valued at $1,054,136.

Valuation Metrics

Right now, Selective Insurance Group Inc. (SIGI) has a P/E ratio of about 25.25. The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 2.56, and the price-to-cash flow ratio of 9.11 may also be considered.

The latest dividend of $0.30 per share was paid out, which is 7.14% more than last year’s $0.28. On Wednesday November 2 2022, a $0.02 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.23, and the total debt-to-equity ratio was 0.23. In the year ended June 29, operating margins totaled 10.10%.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 9.10%.

While analysts expected Selective Insurance Group Inc. to report $1.23 quarterly earnings, the actual figure was $1.17 per share, beating the consensus estimate by -4.90%. The value of shareholders’ equity is $60.27 million.

Technical Picture

This quick technical analysis looks at Selective Insurance Group Inc.’s (SIGI) price momentum. With a historical volatility rate of 21.54%, the RSI 9-day stood at 60.05% on 23 November.

With respect to its five-day moving average, the current Selective Insurance Group Inc. price is up by +3.13% percent or $2.87. At present, SIGI shares trade +1.32% above its 20-day simple moving average and +8.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.31% above its SMA50 and +17.82% above its SMA200.

Stochastic coefficient K was 71.75% and Stochastic coefficient D was 61.91%, while ATR was 2.46. Given the Stochastic reading of 78.78% for the 14-day period, the RSI (14) reading has been calculated as 58.80%. As of today, the MACD Oscillator reading stands at 1.00, while the 14-day reading stands at 0.97.


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