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 be above 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 very contradictory signals. Selective Insurance Group has a poor Appreciation Score of 27 but a good Power Rating of 72, producing the Neutral Value Trend Rating.
Recent Price Action
Selective Insurance Group Inc (NASDAQ: SIGI) stock rose modestly by 0.6% on 1/19/24. The stock closed at $105.37. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 5.8% during the last week.
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