The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 a research note from Keefe Bruyette on February 07, 2025, Selective Insurance Group Inc [SIGI] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $93 from $116. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early December. As of October 30, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for SIGI. Earlier on July 22, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for SIGI stock which previously was a “a Mkt perform”.
Analyzing SIGI Stock Performance
During the last five days, there has been a drop of approximately -4.93%. Over the course of the year, Selective Insurance Group Inc shares have dropped approximately -14.50%. Shares of the company reached a 52-week high of $96.49 on 01/27/25 and a 52-week low of $79.16 on 02/19/25. A 50-day SMA is recorded $91.13, while a 200-day SMA reached $92.76. Nevertheless, trading volume fell to 0.71 million shares from 0.29 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 78.46, which, if violated, would cause prices to drop to 76.96. In the upper region, resistance lies at 82.16. The next price resistance is at 84.36. RSI (Relative Strength Index) is 30.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.87, which suggests the price will decrease in the coming days. Percent R is at 92.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
