Understanding the Risks of Investing in Selective Insurance Group Inc (SIGI)

In a filing, Selective Insurance Group Inc revealed its Former Director URBAN PHILIP HUGH acquired Company’s shares for reported $2.53 million on May 30 ’25. In the deal valued at $88.15 per share,28,729 shares were bought.

Then, Harnett Anthony D. bought 1,352 shares, generating $117,705 in total proceeds.

Before that, Harnett Anthony D. sold 1,352 shares. Selective Insurance Group Inc shares valued at $117,705 were divested by the SVP, Chief Accounting Officer at a price of $87.06 per share. As a result of the transaction, Harnett Anthony D. now holds 15,946 shares, worth roughly $1.36 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 -0.31% to $84.98. Over the last five days, the stock has lost -0.32%. Selective Insurance Group Inc shares have fallen nearly -9.13% since the year began. Nevertheless, the stocks have fallen -7.23% over the past one year. While a 52-week high of $103.56 was reached on 01/27/25, a 52-week low of $78.13 was recorded on 02/21/25.

Levels Of Support And Resistance For SIGI Stock

The 24-hour chart illustrates a support level at 84.07, which if violated will result in even more drops to 83.15. On the upside, there is a resistance level at 85.59. A further resistance level may holdings at 86.19.

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.

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