Selective Insurance Group Inc’s filing revealed that its President and CEO Marchioni John J. acquired Company’s shares for reported $0.1 million on Mar 03 ’25. In the deal valued at $86.69 per share,1,180 shares were bought. As a result of this transaction, Marchioni John J. now holds 136,575 shares worth roughly $11.43 million.
Then, Brennan Patrick Sean bought 3,000 shares, generating $249,450 in total proceeds. Upon buying the shares at $83.15, the EVP, Chief Financial Officer now owns 15,082 shares.
Before that, DOHERTY ROBERT KELLY bought 1,500 shares. Selective Insurance Group Inc shares valued at $120,420 were divested by the Director at a price of $80.28 per share. As a result of the transaction, DOHERTY ROBERT KELLY now holds 24,173 shares, worth roughly $2.02 million.
Keefe Bruyette downgraded its Selective Insurance Group Inc [SIGI] rating to a Mkt perform from a an Outperform in a research note published on February 07, 2025; the price target was decreased to $93 from $116. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early December with a ‘”an Equal-weight”‘ rating. BMO Capital Markets also remained covering SIGI and has increased its forecast on October 30, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Keefe Bruyette revised its rating on July 22, 2024. It rated SIGI as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of SIGI
On Tuesday, Selective Insurance Group Inc [NASDAQ:SIGI] saw its stock fall -0.84% to $83.68. Over the last five days, the stock has lost -2.41%. Selective Insurance Group Inc shares have fallen nearly -10.52% since the year began. Nevertheless, the stocks have fallen -20.34% over the past one year. While a 52-week high of $109.58 was reached on 01/27/25, a 52-week low of $78.13 was recorded on 02/21/25. SMA at 50 days reached $87.72, while 200 days put it at $91.79.
Levels Of Support And Resistance For SIGI Stock
The 24-hour chart illustrates a support level at 82.80, which if violated will result in even more drops to 81.93. On the upside, there is a resistance level at 84.59. A further resistance level may holdings at 85.51. The Relative Strength Index (RSI) on the 14-day chart is 45.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.25%. Stochastics %K at 63.99% indicates the stock is a holding.
The most recent change occurred on November 16, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $120 price target.
