Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Selective Insurance Group Inc shares valued at $174,239 were purchased by Coaxum Wole C on Nov 04 ’24. At $91.56 per share, Coaxum Wole C acquired 1,903 shares.
Also, Coaxum Wole C sold 1,903 shares, netting a total of over 174,239 in proceeds. Following the sale of shares at $91.56 each, the insider now holds 3,929 shares.
Before that, Harnett Anthony D. had added 1,404 shares to its account. In a trade valued at $130,031, the Officer bought Selective Insurance Group Inc shares for $92.61 each.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Selective Insurance Group Inc [SIGI] has been an Equal-weight and the price target has been revised to $105. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of July 22, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for SIGI. Earlier on November 16, 2023, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for SIGI stock.
Analyzing SIGI Stock Performance
During the last five days, there has been a drop of approximately -11.06%. Over the course of the year, Selective Insurance Group Inc shares have dropped approximately -12.17%. Shares of the company reached a 52-week high of $96.49 on 01/27/25 and a 52-week low of $80.84 on 01/30/25. A 50-day SMA is recorded $95.15, while a 200-day SMA reached $93.95. Nevertheless, trading volume fell to 1.86 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Selective Insurance Group Inc (SIGI)
According to the 24-hour chart, there is a support level at 78.67, which, if violated, would cause prices to drop to 75.19. In the upper region, resistance lies at 87.79. The next price resistance is at 93.43. RSI (Relative Strength Index) is 26.70 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.14, which suggests the price will decrease in the coming days. Percent R is at 91.69%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
