Selective Insurance Group Inc’s filing revealed that its Director Coaxum Wole C acquired Company’s shares for reported $0.17 million on Nov 04 ’24. In the deal valued at $91.56 per share,1,903 shares were bought.
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Then, Coaxum Wole C sold 1,903 shares, generating $174,239 in total proceeds. Upon selling the shares at $91.56, the Director now owns 3,929 shares.
Before that, Harnett Anthony D. bought 1,404 shares. Selective Insurance Group Inc shares valued at $130,031 were divested by the Officer at a price of $92.61 per share.
BMO Capital Markets upgraded its Selective Insurance Group Inc [SIGI] rating to an Outperform from a a Market perform in a research note published on October 30, 2024; the price target was increased to $105 from $95. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late July from “a Mkt perform” to “an Outperform”. Oppenheimer began covering SIGI with “an Outperform” recommendation on November 16, 2023. BofA Securities revised its rating on May 18, 2023. It rated SIGI as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of SIGI
On Tuesday, Selective Insurance Group Inc [NASDAQ:SIGI] saw its stock jump 1.17% to $99.80. Over the last five days, the stock has gained 2.79%. Selective Insurance Group Inc shares have risen nearly 0.32% since the year began. Nevertheless, the stocks have fallen -3.42% 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 $94.69, while 200 days put it at $95.90.
Levels Of Support And Resistance For SIGI Stock
The 24-hour chart illustrates a support level at 97.67, which if violated will result in even more drops to 95.55. On the upside, there is a resistance level at 100.96. A further resistance level may holdings at 102.13. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.78%. Stochastics %K at 58.67% 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 2024-11-15, growing by 0.23 million shares to a total of 1.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.19 million shares. There was a rise of 16.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 20, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $90 price target.
