Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real and/or personal property, or earnings; and casualty insurance products that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities, as well as flood insurance products. It also invests in fixed income investments and commercial mortgage loans, equity securities, and alternative investment portfolio. The company provides its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: selective.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $95.00 → $105.00 | Market Perform → Outperform | BMO Capital Markets |
| 7/22/2024 | $104.00 → $99.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 11/16/2023 | $120.00 | Outperform | Oppenheimer |
| 5/18/2023 | $101.00 → $97.00 | Neutral → Underperform | BofA Securities |
| 1/20/2023 | $90.00 | Market Perform | BMO Capital Markets |
| 11/11/2022 | $96.00 | Neutral | Janney |
| 6/27/2022 | $98.00 | Overweight | Morgan Stanley |
| 8/17/2021 | $91.00 | Outperform | Wolfe Research |
| 7/30/2021 | $79.00 → $85.00 | Sector Perform | RBC Capital |
| 7/14/2021 | Outperform → Market Perform | JMP Securities |
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
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8-K - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
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8-K - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
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S-8 POS - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
Net Income of $1.47 per Diluted Common Share and Non-GAAP Operating Income1 of $1.40 per Diluted Common Share; Return on Common Equity ("ROE") of 12.6% and Non-GAAP Operating ROE1 of 12.1% Quarterly Dividend Increased 9% to $0.38 per Common Share In the third quarter of 2024: Net premiums written ("NPW") increased 9% from the third quarter of 2023; The GAAP combined ratio was 99.5%, compared to 96.8% in the third quarter of 2023; Net catastrophe losses increased the GAAP combined ratio by 13.4 points, compared to 6.6 points in the third quarter of 2023; Commercial Lines renewal pure price increases averaged 9.1%, up 2.0 points from 7.1% in the third quarter of 2023; After-tax ne
Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its third quarter financial results on Monday, October 21, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Tuesday, October 22, 2024, at 8:30 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from October 22 to November 21, 2024. About Selective Insurance Group, Inc. Selective Insurance Group, Inc. (NASDAQ:SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior
Joins Selective with Nearly Two Decades of Insurance Experience Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced the appointment of Patrick S. Brennan as Chief Financial Officer, effective October 1, 2024. Mr. Brennan brings nearly two decades of insurance industry and public company executive experience to Selective, having most recently served as Treasurer of The Progressive Corporation, overseeing the treasury, capital strategy, risk management, and investor relations functions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923846856/en/Selective Insurance Group, Inc. has announced Patrick S. Brennan as Chief
Branchville, N.J., Aug. 29, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) announced today that John J. Marchioni, Chairman, President and Chief Executive Officer, will present at the 2024 Keefe, Bruyette & Woods Insurance Conference on Wednesday, September 4, 2024 at 11:35 AM ET. Investors can listen live to Selective's presentation or access a recording by visiting the Investors page of www.Selective.com through October 4, 2024. About Selective Insurance Group, Inc.Selective Insurance Group, Inc. (NASDAQ:SIGI) is a holding company for 10 property and casu
Net Loss of $1.08 per Diluted Common Share and Non-GAAP Operating Loss1 of $1.10 per Diluted Common Share; Return on Common Equity ("ROE") of (9.5)% and Non-GAAP Operating ROE1 of (9.6)% Quarterly Analyst Conference Call Rescheduled for Friday, July 19, 2024, at 8:00 AM ET In the second quarter of 2024: Net premiums written ("NPW") increased 13% compared to the second quarter of 2023;The GAAP combined ratio was 116.1%, compared to 100.2% in the second quarter of 2023;Commercial Lines renewal pure price increases averaged 7.9%, up 1.2 points from 6.7% in the second quarter of 2023;After-tax net investment income was $86 million, up 11% from the second quarter of 2023;Book value per common sha
BRANCHVILLE, N.J., July 2, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its second quarter financial results on Thursday, July 25, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Friday, July 26, 2024, at 8:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from July 26 to August 23, 2024. About Selective Insura
Brings Over 25 Years of Insurance, Risk Management, and Technology Experience BRANCHVILLE, N.J., July 1, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced the appointment of Kate Sampson to the Board of Directors, effective July 1, 2024. Ms. Sampson is an insurance industry and technology specialist with over 25 years of experience in financial, operational, and management roles. She began her career at Marsh McLennan as a client executive in 1996, ultimately becoming head of the San Francisco/San Jose office. From 2014 to 2018, Sampson joi
Net Income of $1.31 per Diluted Common Share and Non-GAAP Operating Income1 of $1.33 per Diluted Common Share Return on Common Equity ("ROE") of 11.5% and Non-GAAP Operating ROE1 of 11.7% Selective's Quarterly Analyst Conference Call to be Held at 8:00 AM ET, on Thursday, May 2, 2024 In the first quarter of 2024: Net premiums written ("NPW") increased 16% compared to the first quarter of 2023;The GAAP combined ratio was 98.2%, compared to 95.7% in the first quarter of 2023;Commercial Lines renewal pure price increases averaged 7.6%, up 0.6 points from 7.0% in the first quarter of 2023;After-tax net investment income was $86 million, up 17% compared to the first quarter of 2023;Book value per
BRANCHVILLE, N.J., April 3, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its first quarter financial results on Wednesday, May 1, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Thursday, May 2, 2024, at 11:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from May 2 to May 31, 2024. About Selective Insurance G
Selective Insurance, a leading business, home, and auto insurer, today announced that it is working with Phyn, the leader in intelligent water solutions, to offer Phyn Plus, its award-winning smart water monitoring device to eligible homeowners policyholders. Phyn's innovative technology monitors a property's plumbing system to detect and mitigate leaks before they can cause extensive damage to homes and possessions. Water damage is one of the most common home hazards, and each non-weather-related home claim generates an average of $13,000 in repair costs, per Selective's analysis of its 2022 claims data. Professionally installed on a home's main water line, Phyn Plus is designed to prote
BMO Capital analyst Michael Zaremski maintains Selective Insurance Gr (NASDAQ:SIGI) with a Market Perform and raises the price target from $92 to $95.
JMP Securities analyst Matthew Carletti reiterates Selective Insurance Gr (NASDAQ:SIGI) with a Market Perform.
Although U.S. stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Selective Insurance The Trade: Selective Insurance Group, Inc. (NASDAQ:SIGI) President and CEO John J. Marchioni acquired a
Selective Insurance Gr (NASDAQ:SIGI) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 1 0 Last 30D 0 1 2 0 0 1M Ago 0 0 1 1 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $96.0, a high estimate of $103.00, and a low estimate of $85.00. A negative shift in sentiment is evident as analyst
RBC Capital analyst Scott Heleniak maintains Selective Insurance Gr (NASDAQ:SIGI) with a Sector Perform and lowers the price target from $103 to $96.
RBC Capital analyst Scott Heleniak maintains Selective Insurance Gr (NASDAQ:SIGI) with a Sector Perform and lowers the price target from $103 to $96.
Selective Insurance Group, Inc. (NASDAQ:SIGI) posted weak quarterly results, after the closing bell on Thursday. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. “This was a challenging quarter. We did not meet our high standard as underwriting performance fell below our target. The unfavorable prior year casualty reserve development was driven by elevated loss emergence in the quarter reflecting higher severity that we attribute to social inflation. Our
Keefe, Bruyette & Woods analyst Meyer Shields upgrades Selective Insurance Gr (NASDAQ:SIGI) from Market Perform to Outperform and lowers the price target from $104 to $99.
Piper Sandler analyst Paul Newsome maintains Selective Insurance Gr (NASDAQ:SIGI) with a Neutral and lowers the price target from $104 to $85.
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
Net Income of $1.47 per Diluted Common Share and Non-GAAP Operating Income1 of $1.40 per Diluted Common Share; Return on Common Equity ("ROE") of 12.6% and Non-GAAP Operating ROE1 of 12.1% Quarterly Dividend Increased 9% to $0.38 per Common Share In the third quarter of 2024: Net premiums written ("NPW") increased 9% from the third quarter of 2023; The GAAP combined ratio was 99.5%, compared to 96.8% in the third quarter of 2023; Net catastrophe losses increased the GAAP combined ratio by 13.4 points, compared to 6.6 points in the third quarter of 2023; Commercial Lines renewal pure price increases averaged 9.1%, up 2.0 points from 7.1% in the third quarter of 2023; After-tax ne
Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its third quarter financial results on Monday, October 21, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Tuesday, October 22, 2024, at 8:30 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from October 22 to November 21, 2024. About Selective Insurance Group, Inc. Selective Insurance Group, Inc. (NASDAQ:SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior
Net Loss of $1.08 per Diluted Common Share and Non-GAAP Operating Loss1 of $1.10 per Diluted Common Share; Return on Common Equity ("ROE") of (9.5)% and Non-GAAP Operating ROE1 of (9.6)% Quarterly Analyst Conference Call Rescheduled for Friday, July 19, 2024, at 8:00 AM ET In the second quarter of 2024: Net premiums written ("NPW") increased 13% compared to the second quarter of 2023;The GAAP combined ratio was 116.1%, compared to 100.2% in the second quarter of 2023;Commercial Lines renewal pure price increases averaged 7.9%, up 1.2 points from 6.7% in the second quarter of 2023;After-tax net investment income was $86 million, up 11% from the second quarter of 2023;Book value per common sha
BRANCHVILLE, N.J., July 2, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its second quarter financial results on Thursday, July 25, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Friday, July 26, 2024, at 8:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from July 26 to August 23, 2024. About Selective Insura
Net Income of $1.31 per Diluted Common Share and Non-GAAP Operating Income1 of $1.33 per Diluted Common Share Return on Common Equity ("ROE") of 11.5% and Non-GAAP Operating ROE1 of 11.7% Selective's Quarterly Analyst Conference Call to be Held at 8:00 AM ET, on Thursday, May 2, 2024 In the first quarter of 2024: Net premiums written ("NPW") increased 16% compared to the first quarter of 2023;The GAAP combined ratio was 98.2%, compared to 95.7% in the first quarter of 2023;Commercial Lines renewal pure price increases averaged 7.6%, up 0.6 points from 7.0% in the first quarter of 2023;After-tax net investment income was $86 million, up 17% compared to the first quarter of 2023;Book value per
BRANCHVILLE, N.J., April 3, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its first quarter financial results on Wednesday, May 1, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Thursday, May 2, 2024, at 11:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from May 2 to May 31, 2024. About Selective Insurance G
Net Income of $2.01 per Diluted Common Share and Non-GAAP Operating Income1 of $1.94 per Diluted Common Share; Return on Common Equity ("ROE") of 18.9% and Non-GAAP Operating ROE1 of 18.2% Full Year 2023 ROE of 14.3% and Non-GAAP Operating ROE1 of 14.4%; Achieved 10th Consecutive Year of Double-Digit Non-GAAP Operating ROE1 In the fourth quarter of 2023: Net premiums written ("NPW") increased 17% from the fourth quarter of 2022;The GAAP combined ratio was 93.7%, 1-point better than the fourth quarter of 2022;Commercial Lines renewal pure price increases averaged 7.3%, up 1.7 points from 5.6% in the fourth quarter of 2022;After-tax net investment income was $78 million, up 20% compared to the
BRANCHVILLE, N.J., Jan. 10, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its fourth quarter financial results on Wednesday, January 31, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Thursday, February 1, 2024, at 11:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from February 1 to March 1, 2024. About Sele
BRANCHVILLE, N.J., Oct. 3, 2023 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced that Mark Wilcox, Executive Vice President, Chief Financial Officer, has resigned from Selective, effective November 3, 2023, to become CFO at another financial services company. Mr. Wilcox will continue in his current position until after Selective reports third quarter 2023 earnings. Anthony (Tony) Harnett, Senior Vice President, Chief Accounting Officer, will then assume the additional role of Interim CFO until a permanent successor is appointed. Selective has initi
BRANCHVILLE, N.J., Oct. 2, 2023 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) will announce its third quarter financial results on Wednesday, November 1, 2023, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Thursday, November 2, 2023, at 11:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be available on the website from November 2 to December 1, 2023. About Sel
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BMO Capital Markets upgraded Selective Insurance from Market Perform to Outperform and set a new price target of $105.00 from $95.00 previously
Keefe Bruyette upgraded Selective Insurance from Mkt Perform to Outperform and set a new price target of $99.00 from $104.00 previously
Oppenheimer initiated coverage of Selective Insurance with a rating of Outperform and set a new price target of $120.00
BofA Securities downgraded Selective Insurance from Neutral to Underperform and set a new price target of $97.00 from $101.00 previously
BMO Capital Markets initiated coverage of Selective Insurance with a rating of Market Perform and set a new price target of $90.00
Janney initiated coverage of Selective Insurance with a rating of Neutral and set a new price target of $96.00
Morgan Stanley initiated coverage of Selective Insurance with a rating of Overweight and set a new price target of $98.00
Wolfe Research initiated coverage of Selective Insurance Gr with a rating of Outperform and set a new price target of $91.00
RBC Capital reiterated coverage of Selective Insurance Gr with a rating of Sector Perform and set a new price target of $85.00 from $79.00 previously
JMP Securities downgraded Selective Insurance Gr from Outperform to Market Perform
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Joins Selective with Nearly Two Decades of Insurance Experience Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced the appointment of Patrick S. Brennan as Chief Financial Officer, effective October 1, 2024. Mr. Brennan brings nearly two decades of insurance industry and public company executive experience to Selective, having most recently served as Treasurer of The Progressive Corporation, overseeing the treasury, capital strategy, risk management, and investor relations functions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923846856/en/Selective Insurance Group, Inc. has announced Patrick S. Brennan as Chief
Brings Over 25 Years of Insurance, Risk Management, and Technology Experience BRANCHVILLE, N.J., July 1, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced the appointment of Kate Sampson to the Board of Directors, effective July 1, 2024. Ms. Sampson is an insurance industry and technology specialist with over 25 years of experience in financial, operational, and management roles. She began her career at Marsh McLennan as a client executive in 1996, ultimately becoming head of the San Francisco/San Jose office. From 2014 to 2018, Sampson joi
MALVERN, Pa., June 30, 2022 /PRNewswire/ -- The Institutes have appointed four new members to its Board of Trustees, including J. Powell Brown, MBA, CPCU, Carl Hess, FSA, CERA; John J. Marchioni, CPCU; and Leonid Rasin, MA, FCAS. The new member terms were effective as of June 15. "Our four new members of the Board of Trustees will offer insightful support to The Institutes' mission and vision.""We are so pleased to welcome new members to our Board of Trustees, who always offer insightful support to our mission and vision," said Peter Miller, CPCU, president and CEO of The Ins
BRANCHVILLE, N.J., Dec. 9, 2021 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) announced that Gregory E. Murphy, the Company's Non-Executive Chairperson, will not stand for re-election at the 2022 Annual Meeting of Stockholders. Mr. Murphy, who joined Selective in 1980, served as Chairman and Chief Executive Officer from 2000 to 2020, before assuming the Executive Chairman role in February 2020. He became Non-Executive Chairperson in February 2021, and he has been a director since 1997. "As both CEO and Board Chairperson, Greg Murphy has overseen a period of
BRANCHVILLE, N.J., Feb. 4, 2021 /PRNewswire/ -- Selective's College Competition kicks off this week across eight colleges throughout the country and will run through February. The annual contest provides the opportunity for teams of students to gain valuable insurance career-building experience and networking opportunities with the guidance and mentorship of industry experts from Selective and independent insurance agencies. "Selective's College Competition gives the next generation of insurance professionals the chance to experience and resolve real-world situations in a simulated learning environment," said Shadi Albert, Executive Vice President, Insurance Strategy and Business Developm
NEW YORK--(BUSINESS WIRE)--Legeis Capital, LLC, which provides insurance companies with efficient access to higher-returning assets, today announced the appointment of Michael Morrissey as Chairman of the company’s Board of Directors. Morrissey is an accomplished insurance investment banker and fund manager and served as President and CEO of the International Insurance Society (IIS), the largest insurance industry association. He is a board member at Selective Insurance Group (NASDAQ: SIGI) and Protective Life Corp. “We are pleased to have Mike lead our Board of Directors. He is a strategic business leader and accomplished director. His distinguished career of over 40 years lead
BRANCHVILLE, N.J., Dec. 2, 2020 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced that its Board of Directors authorized a new share repurchase program under which it may repurchase up to $100 million of its outstanding shares. "This share repurchase program demonstrates Selective Board's ongoing commitment to enhancing shareholder value and emphasizes our confidence in Selective's long-term financial outlook," said John Marchioni, President and CEO. "Selective's strong earnings and growth outlook provides us the ability to continue to invest in the business while returning value to shareholders through quarterly dividends and opportunistic share repurchases."