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Selective Insurance Group Inc has a consensus price target of $102.1 based on the ratings of 11 analysts. The high is $120 issued by Oppenheimer on April 5, 2024. The low is $85 issued by Piper Sandler on July 22, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, BMO Capital, and RBC Capital on December 5, 2024, October 30, 2024, and October 23, 2024, respectively. With an average price target of $103 between Morgan Stanley, BMO Capital, and RBC Capital, there's an implied 8.08% upside for Selective Insurance Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Selective Insurance Gr (NASDAQ:SIGI) was reported by Morgan Stanley on December 5, 2024. The analyst firm set a price target for $105.00 expecting SIGI to rise to within 12 months (a possible 10.18% upside). 17 analyst firms have reported ratings in the last year.
The latest analyst rating for Selective Insurance Gr (NASDAQ:SIGI) was provided by Morgan Stanley, and Selective Insurance Gr initiated their equal-weight rating.
The last upgrade for Selective Insurance Group Inc happened on October 30, 2024 when BMO Capital raised their price target to $105. BMO Capital previously had a market perform for Selective Insurance Group Inc.
The last downgrade for Selective Insurance Group Inc happened on May 18, 2023 when B of A Securities changed their price target from N/A to N/A for Selective Insurance Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Selective Insurance Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Selective Insurance Gr was filed on December 5, 2024 so you should expect the next rating to be made available sometime around December 5, 2025.
While ratings are subjective and will change, the latest Selective Insurance Gr (SIGI) rating was a initiated with a price target of $0.00 to $105.00. The current price Selective Insurance Gr (SIGI) is trading at is $95.30, which is within the analyst’s predicted range.
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