Selective Insurance Group Inc.’s filing revealed that its Director Cavanaugh Terrence W acquired Company’s shares for reported $0.17 million on Jul 23 ’24. In the deal valued at $85.85 per share,2,000 shares were bought. As a result of this transaction, Cavanaugh Terrence W now holds 20,651 shares worth roughly $1.83 million.
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Then, Marchioni John J. bought 2,400 shares, generating $200,532 in total proceeds. Upon buying the shares at $83.56, the President and CEO now owns 136,397 shares.
Before that, Hall Brenda M sold 2,626 shares. Selective Insurance Group Inc. shares valued at $278,034 were divested by the EVP, COO, Standard Lines at a price of $105.88 per share. As a result of the transaction, Hall Brenda M now holds 10,511 shares, worth roughly $0.93 million.
Keefe Bruyette upgraded its Selective Insurance Group Inc. [SIGI] rating to an Outperform from a a Mkt perform in a research note published on July 22, 2024; the price target was decreased to $99 from $104. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. BofA Securities also remained covering SIGI and has decreased its forecast on May 18, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. BMO Capital Markets started covering the stock on January 20, 2023. It rated SIGI as “a Market perform”.
Price Performance Review of SIGI
On Tuesday, Selective Insurance Group Inc. [NASDAQ:SIGI] saw its stock fall -0.68% to $88.51. Over the last five days, the stock has gained 2.93%. Selective Insurance Group Inc. shares have fallen nearly -11.03% since the year began. Nevertheless, the stocks have fallen -12.82% over the past one year. While a 52-week high of $109.58 was reached on 03/28/24, a 52-week low of $81.00 was recorded on 07/19/24. SMA at 50 days reached $90.71, while 200 days put it at $98.82.
Levels Of Support And Resistance For SIGI Stock
The 24-hour chart illustrates a support level at 88.05, which if violated will result in even more drops to 87.60. On the upside, there is a resistance level at 89.20. A further resistance level may holdings at 89.90. The Relative Strength Index (RSI) on the 14-day chart is 49.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.72%. Stochastics%K at 67.16% indicates the stock is a holding.
How much short interest is there in Selective Insurance Group Inc.?
A steep rise in short interest was recorded in Selective Insurance Group Inc. stocks on 2024-07-31, dropping by -0.14 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.25 million shares. There was a decline of -12.73%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 11, 2022 when Janney began covering the stock and recommended ‘”a Neutral”‘ rating along with a $96 price target.
