Extremely significant positive changes in Selective Insurance Group Inc (NASDAQ: SIGI) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Selective Insurance Group Inc (NASDAQ: SIGI): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 C (Low Neutral). 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 Appreciation Score of 42 and a neutral Power Rating of 54, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Selective Insurance Group Inc (NASDAQ: SIGI) stock rose modestly by 1.0% on 7/17/24. The stock closed at $101.20. Moreover, trading volume in this advance was above average at 134% of normal. The stock has risen 10.7% during the last week but has been weak relative to the market over the last nine months.
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