Stock Rating Downgrade
The Value Trend Rating for Selective Insurance Group Inc (NASDAQ: SIGI) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/20/24, Selective Insurance Group Inc (NASDAQ: SIGI) stock declined slightly by -1.0%, closing at $96.81. However, this decline was accompanied by below average trading volume at 74% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SIGI is expected to continue to be an important Value Builder.
Selective Insurance Group has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Selective Insurance Group has a neutral Power Rating of 46 and a neutral Appreciation Score of 40, triggering the Negative Value Trend Rating.
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