Selective Insurance Group Inc.’s recently made public that its EVP, COO, Standard Lines Hall Brenda M unloaded Company’s shares for reported $0.28 million on Mar 04 ’24. In the deal valued at $105.88 per share,2,626 shares were sold. As a result of this transaction, Hall Brenda M now holds 10,511 shares worth roughly $1.07 million.
Then, DOHERTY ROBERT KELLY sold 2,900 shares, generating $303,603 in total proceeds. Upon selling the shares at $104.69, the Director now owns 21,515 shares.
Before that, Cavanaugh Terrence W bought 1,000 shares. Selective Insurance Group Inc. shares valued at $98,470 were divested by the Director at a price of $98.47 per share. As a result of the transaction, Cavanaugh Terrence W now holds 16,464 shares, worth roughly $1.68 million.
Oppenheimer initiated its Selective Insurance Group Inc. [SIGI] rating to an Outperform in a research note published on November 16, 2023; the price target was $120. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid May from “a Neutral” to “an Underperform”. BMO Capital Markets began covering SIGI with “Market perform” recommendation on January 20, 2023. Janney started covering the stock on November 11, 2022. It rated SIGI as “a Neutral”.
Price Performance Review of SIGI
On Tuesday, Selective Insurance Group Inc. [NASDAQ:SIGI] saw its stock jump 0.88% to $101.88. Over the last five days, the stock has lost -1.63%. Selective Insurance Group Inc. shares have risen nearly 2.41% since the year began. Nevertheless, the stocks have risen 7.48% over the past one year. While a 52-week high of $109.58 was reached on 03/28/24, a 52-week low of $91.99 was recorded on 02/01/24. SMA at 50 days reached $103.28, while 200 days put it at $102.03. A total of 0.28 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For SIGI Stock
The 24-hour chart illustrates a support level at 100.74, which if violated will result in even more drops to 99.61. On the upside, there is a resistance level at 102.55. A further resistance level may holdings at 103.23. The Relative Strength Index (RSI) on the 14-day chart is 43.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.80%. Stochastics %K at 7.41% indicates the stock is a buying.
The most recent change occurred on June 27, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $98 price target.
