Oppenheimer initiated coverage on Selective Insurance with a new price target
$SIGI
Property-Casualty Insurers
Finance
Oppenheimer initiated coverage of Selective Insurance with a rating of Outperform and set a new price target of $120.00
Save time and jump to the most important pieces.
| 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 |
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
10-Q - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
8-K - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
8-K - SELECTIVE INSURANCE GROUP INC (0000230557) (Filer)
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of the pooled members of Selective Insurance Group (Selective). Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of the ultimate parent, Selective Insurance Group, Inc. (NASDAQ:SIGI). The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Branchville, NJ. (Please see below for a detailed listing of companies and ratings.) The ratings reflect Selective's balance sheet strength, which AM Best assesses as strongest, as well as its
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
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
SC 13G/A - SELECTIVE INSURANCE GROUP INC (0000230557) (Subject)
SC 13G/A - SELECTIVE INSURANCE GROUP INC (0000230557) (Subject)
SC 13G/A - SELECTIVE INSURANCE GROUP INC (0000230557) (Filed by)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
4 - SELECTIVE INSURANCE GROUP INC (0000230557) (Issuer)
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
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
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