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 $117,705 were purchased by Harnett Anthony D. on Apr 25 ’25. At $87.06 per share, Harnett Anthony D. acquired 1,352 shares.
Also, Harnett Anthony D. sold 1,352 shares, netting a total of over 117,705 in proceeds. Following the sale of shares at $87.06 each, the insider now holds 15,946 shares.
Before that, Marchioni John J. had added 1,180 shares to its account. In a trade valued at $102,289, the President and CEO bought Selective Insurance Group Inc shares for $86.69 each. Upon closing the transaction, the insider’s holdings increased to 1,180 shares, worth approximately $11.95 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 surge of approximately 0.32%. Over the course of the year, Selective Insurance Group Inc shares have dropped approximately -6.43%. 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.
Support And Resistance Levels for Selective Insurance Group Inc (SIGI)
According to the 24-hour chart, there is a support level at 86.28, which, if violated, would cause prices to drop to 85.04. In the upper region, resistance lies at 88.25. The next price resistance is at 88.99. RSI (Relative Strength Index) is 48.11 on the 14-day chart, showing neutral technical sentiment.
