Hitting A New 52 Week High, Selective Insurance Group (Nasdaq:SIGI) Settle At $68.66

SIGI
SIGI

Selective Insurance Group (Nasdaq:SIGI)

April 16th, 2019

With markets going up Selective Insurance Group closed Tuesday up 1.45%, a $0.98 increase to close on $68.66. Furthermore it hit a new 52 week high of $68.69. While it is positive news the stock ended higher, the trading volumes were only 48.00% of normal which could be an indication of investor uncertainty. The next earnings report is expected in approximately 15 days.

SIGI outperformed the rest of the Financials sector which went up 1.37% today.

Expectations from 6 analysts suggest that Selective Insurance Group might drop somewhat (-4.21%), while Finbox has calculated (with high uncertainty) a fair value price of $57.20.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Financials saw the biggest increase of the day (1.37%), while Real Estate saw the biggest drop (-2.38%). Information Technology has seen the biggest year-to-date gain at 23.78%.

Energy saw the biggest turnaround from its 5-day performance of -1.22%, as it went up 0.64%. Real Estate and Utilities saw turn arounds from their five day positive performance, Real Estate with a drop of -2.38%.

Sector Breakdown

  • Financials went up with a 1.37% change.
  • Energy went up with a 0.64% change.
  • Industrials went up with a 0.59% change.
  • Information Technology went up with a 0.49% change.
  • Consumer Discretionary went up with a 0.48% change.
  • Materials went up with a 0.47% change.
  • Communication Services went up with a 0.21% change.
  • Consumer Staples went down with a -0.06% change.
  • Utilities went down with a -1.39% change.
  • Healthcare went down with a -2.03% change.
  • Real Estate went down with a -2.38% change.

Selective Insurance Group Info

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, Excess and Surplus Lines, and Investments. The company’s products and services include property insurance, which covers the financial consequences of accidental loss of an insured’s real and/or personal property; and casualty insurance 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. It also offers flood insurance products. 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. In addition, it invests in fixed income investments and preferred stocks, equity securities, and alternative investment portfolio. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.

All amounts in USD unless otherwise indicated

SIGI daily update
SIGI daily update

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