On 7/19/24, Selective Insurance Group Inc (NASDAQ: SIGI) stock suffered a major decline of -18.2%, closing at $82.08. Moreover, exceptionally high trading volume at 733% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -13.5% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Selective Insurance Group has a neutral Appreciation Score of 49 and a neutral Power Rating of 53, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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