
SIGI Stock Forecast & Price Target
SIGI Analyst Ratings
Bulls say
Selective Insurance Group Inc. has demonstrated significant revenue growth, with 2024 revenues rising to $365.7 million from $282.8 million in 2022, primarily driven by the Other Liability segment. Additionally, the company's investment portfolio has produced a robust 12.9% return on equity after taxes in 2024, benefiting from rising interest rates and strong capital inflows. Furthermore, the E&S unit has reported strong performance, achieving sub-90s combined ratios in 2023/2024, highlighting the company's effective management of loss reserves and improving its financial stability within a challenging industry landscape.
Bears say
Selective Insurance Group Inc faces significant challenges that contribute to a negative outlook on its stock. The company's recent 103% combined ratio and a decline in annual cash incentive payouts indicate a troubling trend in financial performance, exacerbated by missed guidance and increased reserve issues that have resulted in reduced investor confidence. Furthermore, the expectation of a slowdown in growth coupled with ongoing underwriting losses suggests that Selective Insurance is mis-positioned compared to its peers, leading to concerns about multiple contraction against projected book value per share.
This aggregate rating is based on analysts' research of Selective Insurance Group and is not a guaranteed prediction by Public.com or investment advice.
SIGI Analyst Forecast & Price Prediction
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