Morgan Stanley gives an Underweight recommendation for Selective Insurance Group Inc (SIGI)

Selective Insurance Group Inc’s filing revealed that its Director DOHERTY ROBERT KELLY acquired Company’s shares for reported $0.12 million on Aug 01 ’25. In the deal valued at $77.00 per share,1,500 shares were bought. As a result of this transaction, DOHERTY ROBERT KELLY now holds 27,110 shares worth roughly $2.12 million.

Then, Coaxum Wole C bought 1,575 shares, generating $124,929 in total proceeds.

Before that, McCarthy Thomas A bought 2,500 shares. Selective Insurance Group Inc shares valued at $193,550 were divested by the Director at a price of $77.42 per share. As a result of the transaction, McCarthy Thomas A now holds 18,746 shares, worth roughly $1.47 million.

Morgan Stanley downgraded its Selective Insurance Group Inc [SIGI] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Mkt perform”. Morgan Stanley began covering SIGI with “an Equal-weight” recommendation on December 05, 2024. BMO Capital Markets revised its rating on October 30, 2024. It rated SIGI as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of SIGI

On Tuesday, Selective Insurance Group Inc [NASDAQ:SIGI] saw its stock jump 0.97% to $78.35. Over the last five days, the stock has gained 0.44%. Selective Insurance Group Inc shares have fallen nearly -7.90% since the year began. Nevertheless, the stocks have fallen -16.22% over the past one year. While a 52-week high of $103.56 was reached on 01/27/25, a 52-week low of $71.75 was recorded on 07/24/25.

Levels Of Support And Resistance For SIGI Stock

The 24-hour chart illustrates a support level at 77.40, which if violated will result in even more drops to 76.44. On the upside, there is a resistance level at 78.89. A further resistance level may holdings at 79.42.

How much short interest is there in Selective Insurance Group Inc?

A steep rise in short interest was recorded in Selective Insurance Group Inc stocks on 2025-07-31, dropping by -0.2 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 1.72 million shares. There was a decline of -12.94%, which implies that there is a negative sentiment for the stock.

Most Popular

Knox Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.