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Selective Insurance Group (SIGI) Stock Forecast & Price Target

$97.65
+1.39 (+1.44%)
(As of 11:49 AM ET)

Selective Insurance Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
4
Buy
2

Based on 7 Wall Street analysts who have issued ratings for Selective Insurance Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 4 have given a hold rating, and 2 have given a buy rating for SIGI.

Consensus Price Target

$98.50
0.90% Upside
According to the 7 analysts' twelve-month price targets for Selective Insurance Group, the average price target is $98.50. The highest price target for SIGI is $120.00, while the lowest price target for SIGI is $85.00. The average price target represents a forecasted upside of 0.90% from the current price of $97.65.

SIGI Analyst Ratings Over Time

TypeCurrent Forecast
10/17/23 to 10/16/24
1 Month Ago
9/17/23 to 9/16/24
3 Months Ago
7/19/23 to 7/18/24
1 Year Ago
10/17/22 to 10/17/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$98.50$98.67$106.60$101.29
Forecasted Upside0.90% Upside7.10% Upside6.26% Upside-5.25% Downside
Consensus Rating
Hold
Hold
Hold
Hold

SIGI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

SIGI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Selective Insurance Group Stock vs. The Competition

TypeSelective Insurance GroupFinance CompaniesS&P 500
Consensus Rating Score
2.14
2.47
2.50
Consensus RatingHoldHoldHold
Predicted Upside2.33% Upside12.89% Upside6.72% Upside
News Sentiment Rating
Positive News

See Recent SIGI News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/10/2024Bank of America
4 of 5 stars
 Boost TargetUnderperform ➝ Underperform$89.00 ➝ $96.00+4.04%
7/24/2024BMO Capital Markets
4 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$92.00 ➝ $95.00+9.70%
7/23/2024JMP Securities
2 of 5 stars
 Reiterated RatingMarket Perform
7/22/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$103.00 ➝ $96.00+15.07%
7/22/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$104.00 ➝ $85.00+3.56%
7/22/2024Keefe, Bruyette & Woods
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M. Shields
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UpgradeMarket Perform ➝ Outperform$104.00 ➝ $99.00+20.61%
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4/5/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$120.00+14.62%
11/22/2022Morgan Stanley
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 Boost TargetOverweight$98.00 ➝ $105.00+12.42%
11/11/2022Janney Montgomery Scott
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 Initiated CoverageNeutral$96.00+2.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:20 PM ET.


SIGI Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Selective Insurance Group is $98.50, with a high forecast of $120.00 and a low forecast of $85.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Selective Insurance Group in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SIGI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIGI, but not buy additional shares or sell existing shares.

According to analysts, Selective Insurance Group's stock has a predicted upside of 0.87% based on their 12-month stock forecasts.

Over the previous 90 days, Selective Insurance Group's stock had 1 upgrade by analysts.

Selective Insurance Group has been rated by research analysts at Bank of America, BMO Capital Markets, JMP Securities, Keefe, Bruyette & Woods, Piper Sandler, and Royal Bank of Canada in the past 90 days.

Analysts like Selective Insurance Group less than other "finance" companies. The consensus rating score for Selective Insurance Group is 2.14 while the average consensus rating score for "finance" companies is 2.47. Learn more on how SIGI compares to other companies.


This page (NASDAQ:SIGI) was last updated on 10/16/2024 by MarketBeat.com Staff
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