Stock Rating Downgrade
The Value Trend Rating for Selective Insurance Group Inc (NASDAQ: SIGI) weakened recently 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
Selective Insurance Group Inc (NASDAQ: SIGI) stock rose modestly by 0.7% on 8/9/24. The stock closed at $85.66. Trading volume in this advance was normal. The stock has been weak relative to the market over the last nine months and has declined -2.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Selective Insurance Group has a neutral Appreciation Score of 44 and a slightly negative Power Rating of 33, triggering the Negative Value Trend Rating.
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