Selective Insurance Gr Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

In the latest quarter, 4 analysts provided ratings for Selective Insurance Gr (NASDAQ:SIGI), showcasing a mix of bullish and bearish perspectives.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Selective Insurance Gr, revealing an average target of $109.5, a high estimate of $120.00, and a low estimate of $104.00. This current average has decreased by 3.1% from the previous average price target of $113.00.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Selective Insurance Gr among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Selective Insurance Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Selective Insurance Gr compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Selective Insurance Gr's stock. This comparison reveals trends in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Selective Insurance Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Selective Insurance Gr analyst ratings.

Get to Know Selective Insurance Gr Better

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.

Selective Insurance Gr's Economic Impact: An Analysis

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Positive Revenue Trend: Examining Selective Insurance Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.65% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.

Net Margin: Selective Insurance Gr's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 11.03%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Selective Insurance Gr's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.71%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.06%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.18.

The Basics of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.