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.
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.
Morgan Stanley initiated its Selective Insurance Group Inc [SIGI] rating to an Equal-weight in a research note published on December 05, 2024; the price target was $105. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late October from “a Market perform” to “an Outperform”. Keefe Bruyette also remained covering SIGI and has increased its forecast on July 22, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Oppenheimer started covering the stock on November 16, 2023. It rated SIGI as “an Outperform”.
Price Performance Review of SIGI
On Tuesday, Selective Insurance Group Inc [NASDAQ:SIGI] saw its stock jump 0.87% to $83.49. Over the last five days, the stock has lost -12.27%. Selective Insurance Group Inc shares have fallen nearly -10.72% since the year began. Nevertheless, the stocks have fallen -13.75% over the past one year. While a 52-week high of $109.58 was reached on 01/27/25, a 52-week low of $80.84 was recorded on 01/30/25. SMA at 50 days reached $94.28, while 200 days put it at $93.68.
Levels Of Support And Resistance For SIGI Stock
The 24-hour chart illustrates a support level at 82.52, which if violated will result in even more drops to 81.54. On the upside, there is a resistance level at 84.17. A further resistance level may holdings at 84.84. The Relative Strength Index (RSI) on the 14-day chart is 32.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.07%. Stochastics %K at 16.76% indicates the stock is a buying.
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 2025-01-15, dropping by -0.14 million shares to a total of 1.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.4 million shares. There was a decline of -11.23%, which implies that there is a negative sentiment for the stock.
