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 $102,289 were purchased by Marchioni John J. on Mar 03 ’25. At $86.69 per share, Marchioni John J. acquired 1,180 shares. The insider’s holdings grew to 136,575 shares worth approximately $11.85 million following the completion of this transaction.
Also, Brennan Patrick Sean purchased 3,000 shares, netting a total of over 249,450 in proceeds. Following the buying of shares at $83.15 each, the insider now holds 15,082 shares.
Before that, DOHERTY ROBERT KELLY had added 1,500 shares to its account. In a trade valued at $120,420, the Director bought Selective Insurance Group Inc shares for $80.28 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $2.1 million.
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 -5.89%. Over the course of the year, Selective Insurance Group Inc shares have dropped approximately -7.20%. Shares of the company reached a 52-week high of $96.49 on 01/27/25 and a 52-week low of $78.13 on 02/21/25. A 50-day SMA is recorded $85.92, while a 200-day SMA reached $91.22.
Support And Resistance Levels for Selective Insurance Group Inc (SIGI)
According to the 24-hour chart, there is a support level at 82.89, which, if violated, would cause prices to drop to 78.99. In the upper region, resistance lies at 89.56. The next price resistance is at 92.32. RSI (Relative Strength Index) is 47.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.21, which suggests the price will decrease in the coming days. Percent R is at 53.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
