Selective Insurance Group, Inc. (SIGI) Has Bullish Double Top Trading At $59.65

April 16, 2018 - By Robert Reynolds

Selective Insurance Group, Inc. (NASDAQ:SIGI) Corporate Logo

Big Money Sentiment increased to 0.85 in 2017 Q4. It has change of 0.05, from 2017Q3’s 0.8. The ratio improved due to Selective Insurance Group, Inc. positioning: 13 sold and 74 reduced. 27 funds acquired holdings and 47 increased holdings. Investors holded 44.51 million in 2017Q3 but now own 44.19 million shares or 0.72% less.
Citigroup Incorporated reported 0% stake. State Of Alaska Department Of Revenue accumulated 0.02% or 11,630 shs. California State Teachers Retirement System holds 0.01% of its capital in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 90,753 shs. Proshare Advsr Llc holds 10,375 shs. Victory Cap Mgmt has 5,541 shs. Jefferies Limited Liability Corp reported 5,534 shs. Peapack Gladstone Finance owns 0.03% invested in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 11,000 shs. Arizona State Retirement Systems reported 0.06% of its capital in Selective Insurance Group, Inc. (NASDAQ:SIGI). California Public Employees Retirement Systems accumulated 126,047 shs. Valley Natl Advisers Inc accumulated 1,219 shs or 0.03% of the stock. Pub Sector Pension Investment Board invested in 36,889 shs. Td Asset reported 47,200 shs stake. Mutual Of America Cap Ltd Co has 168,520 shs for 0.15% of their capital. Georgia-based Voya Management Limited Liability Com has invested 0.05% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Schwab Charles Invest holds 0.02% or 343,818 shs in its capital.

Selective Insurance Group, Inc. (SIGI) has double top. It has $62.04 price target and $59.65 stock price. Selective Insurance Group, Inc. (SIGI) has $3.50 billion market cap. On Apr, 16 the double top chart was reported by Finviz.com. The company’s valuation will be $140.16M more at $62.04 price target.

The stock increased 0.93% or $0.55 during the last trading session, reaching $59.65.Currently Selective Insurance Group, Inc. is uptrending after 26.95% change in last April 16, 2017. SIGI has 3,197 shares volume. SIGI outperformed by 15.40% the S&P 500.

Analysts await Selective Insurance Group, Inc. (NASDAQ:SIGI) to report earnings on April, 25. They expect $0.94 earnings per share, up 9.30 % or $0.08 from last year’s $0.86 per share. SIGI’s profit will be $55.22 million for 15.86 P/E if the $0.94 EPS becomes a reality. After $0.86 actual earnings per share reported by Selective Insurance Group, Inc. for the previous quarter, Wall Street now forecasts 9.30 % EPS growth.

Selective Insurance Group, Inc. (NASDAQ:SIGI) Ratings Coverage

Total analysts of 3 have positions in Selective Insurance Group (NASDAQ:SIGI) as follows: 0 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 0. The firm has $62.0 highest while $55.0 is the lowest [Target]. The average target $60.67 is 1.71% above the last ($59.65) price. Since October 27, 2017 according to StockzIntelligence Inc Selective Insurance Group has 6 analyst reports. On Friday, October 27 the stock of Selective Insurance Group, Inc. (NASDAQ:SIGI) earned “Hold” rating by Keefe Bruyette & Woods. The company rating was maintained by Keefe Bruyette & Woods on Monday, December 4. On Monday, February 5 Keefe Bruyette & Woods maintained the shares of SIGI in report with “Hold” rating. In Friday, April 6 report Sandler O’Neill maintained it with “Hold” rating and $6100 target. On Thursday, December 21 Keefe Bruyette & Woods maintained Selective Insurance Group, Inc. (NASDAQ:SIGI) rating. Keefe Bruyette & Woods has “Hold” rating and $61.0 target. In Friday, December 8 report RBC Capital Markets maintained the stock with “Hold” rating.

Selective Insurance Group, Inc. (NASDAQ:SIGI) Institutional Investors Chart

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