Selective Insurance Group SIGI Stock rating price target by RBC Capital

by Gatulas Official
**best insurance stock – Selective Insurance Group SIGI Stock rating price target by RBC Capital :** Selective Insurance Group (NASDAQ: SIGI) had its target price upped by RBC Capital from $20.00 to $23.00 in a report released on Monday. RBC Capital currently has a sector **perform rating** on the stock. Separately, **analysts at Zacks** upgraded shares of **Selective Insurance Group** from a neutral rating to an **outperform rating** in a research note to **investors** on Tuesday, January 8th. They now have a $21.50 price target on the stock.

One analyst has rated the stock with a buy rating, and six have assigned a hold rating to the stock. The company currently has an **average rating** of hold and an **average target price** of $20.40.
Selective Insurance Group traded down 0.77% on Monday, hitting $21.82. **Selective Insurance Group** has a 52-week low of $16.22 and a 52-week high of $22.08. The stock’s 50-day moving average is currently $19.85. The company has a market cap of $1.200 billion and a price-to-earnings ratio of 23.17.
**Selective Insurance Grou**p last announced its earnings results on Thursday, January 31st. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.13. The company had revenue of $449.00 million for the quarter, compared to the consensus estimate of $394.86 million. During the same quarter last year, the company posted $0.33 earnings per share. Selective Insurance Group’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Selective Insurance Group will post $1.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, February 13th.
Selective Insurance Group, Inc. is a holding company of seven insurance subsidiaries. The Company, through its subsidiaries, offers property and casualty insurance products and services in the East and Midwest of the United States.