Selective Insurance Group (SIGI) Stock Forecast, Price Target & Predictions
SIGI Stock Forecast
Selective Insurance Group stock forecast is as follows: an average price target of $97.40 (represents a 1.48% upside from SIGI’s last price of $95.98) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
SIGI Price Target
The average price target for Selective Insurance Group (SIGI) is $97.40 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $85.00. This represents a potential 1.48% upside from SIGI's last price of $95.98.
SIGI Analyst Ratings
According to 4 Wall Street analysts, Selective Insurance Group's rating consensus is 'Buy'. The analyst rating breakdown for SIGI stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Selective Insurance Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Michael Zaremski | BMO Capital | $105.00 | $90.05 | 16.60% | 9.40% |
| Oct 23, 2024 | Mark Dwelle | RBC Capital | $99.00 | $93.32 | 6.09% | 3.15% |
| Oct 22, 2024 | Grace Carter | Bank of America Securities | $102.00 | $96.97 | 5.19% | 6.27% |
| Aug 06, 2024 | Grace Carter | Bank of America Securities | $89.00 | $85.11 | 4.57% | -7.27% |
| Jul 24, 2024 | Michael Zaremski | BMO Capital | $95.00 | $86.69 | 9.59% | -1.02% |
| Jul 22, 2024 | Paul Newsome | Piper Sandler | $85.00 | $83.93 | 1.27% | -11.44% |
| Jul 22, 2024 | Mark Dwelle | RBC Capital | $96.00 | $82.08 | 16.96% | 0.02% |
| May 03, 2024 | Mark Dwelle | RBC Capital | $103.00 | $95.77 | 7.55% | 7.31% |
| Nov 11, 2022 | - | Janney Montgomery | $96.00 | $93.06 | 3.16% | 0.02% |
The latest Selective Insurance Group stock forecast, released on Oct 30, 2024 by Michael Zaremski from BMO Capital, set a price target of $105.00, which represents a 16.60% increase from the stock price at the time of the forecast ($90.05), and a 9.40% increase from SIGI last price ($95.98).
Selective Insurance Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 3 | 8 |
| Avg Price Target | $102.00 | $102.00 | $96.75 |
| Last Closing Price | $95.98 | $95.98 | $95.98 |
| Upside/Downside | 6.27% | 6.27% | 0.80% |
In the current month, the average price target of Selective Insurance Group stock is $102.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 6.27% increase as opposed to Selective Insurance Group's last price of $95.98. This month's average price target is down 0.00% compared to last quarter, and up 5.43% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | BMO Capital | Market Perform | Outperform | Upgrade |
| Oct 23, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 24, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 22, 2024 | Piper Sandler | Underperform | Underperform | Hold |
| Jul 22, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 22, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 22, 2024 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| May 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 15, 2024 | RBC Capital | Market Perform | Market Perform | Hold |
| May 16, 2023 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
Selective Insurance Group's last stock rating was published by BMO Capital on Oct 30, 2024. The company Upgrade its SIGI rating from "Market Perform" to "Outperform".
Selective Insurance Group Financial Forecast
Selective Insurance Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.08B | $1.04B | $999.70M | $952.10M | $895.00M | $864.70M | $846.06M | $884.69M | $865.04M | $840.52M | $803.91M | $798.43M | $776.57M | $682.45M | $664.83M | $728.90M | $710.42M |
| Avg Forecast | $1.25B | $1.34B | $1.42B | $1.34B | $1.18B | $1.26B | $1.33B | $1.26B | $1.09B | $1.17B | $1.22B | $1.11B | $960.63M | $1.01B | $1.03B | $975.28M | $817.40M | $892.12M | $915.27M | $877.53M | $753.20M | $787.27M | $782.93M | $709.59M | $661.83M | $689.98M | $696.04M | $701.39M | $611.85M | $689.33M |
| High Forecast | $1.28B | $1.36B | $1.45B | $1.36B | $1.20B | $1.28B | $1.35B | $1.28B | $1.10B | $1.19B | $1.22B | $1.11B | $969.28M | $1.02B | $1.05B | $992.03M | $831.44M | $892.12M | $915.27M | $877.53M | $753.20M | $787.27M | $782.93M | $709.59M | $661.83M | $689.98M | $696.04M | $701.39M | $611.85M | $689.33M |
| Low Forecast | $1.24B | $1.33B | $1.41B | $1.33B | $1.17B | $1.25B | $1.32B | $1.24B | $1.08B | $1.16B | $1.22B | $1.11B | $950.97M | $1.00B | $1.02B | $965.47M | $809.18M | $892.12M | $915.27M | $877.53M | $753.20M | $787.27M | $782.93M | $709.59M | $661.83M | $689.98M | $696.04M | $701.39M | $611.85M | $689.33M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.01% | 1.03% | 1.16% | 1.00% | 0.94% | 0.96% | 1.17% | 1.10% | 1.07% | 1.13% | 1.21% | 1.13% | 0.98% | 0.95% | 1.19% | 1.03% |
Selective Insurance Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $960.63M, with a low forecast of $950.97M, and a high forecast of $969.28M. SIGI's average Quarter revenue forecast represents a -11.14% decrease compared to the company's last Quarter revenue of $1.08B (Sep 23).
Selective Insurance Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $112.52M | $74.16M | $121.92M | $116.09M | $69.87M | $66.35M | $89.86M | $145.44M | $113.13M | $174.31M | $156.69M | $181.49M | $107.84M | $64.84M | $39.01M | $121.53M | $92.59M |
| Avg Forecast | $390.78M | $417.48M | $443.54M | $417.53M | $366.71M | $392.34M | $414.56M | $390.98M | $338.59M | $365.34M | $380.16M | $83.82M | $299.17M | $315.16M | $321.93M | $76.20M | $142.97M | $121.25M | $124.39M | $69.28M | $102.37M | $107.00M | $106.41M | $62.98M | $89.95M | $93.77M | $94.60M | $45.90M | $83.15M | $93.68M |
| High Forecast | $397.49M | $424.65M | $451.16M | $424.70M | $373.01M | $399.08M | $421.68M | $399.93M | $343.88M | $371.62M | $380.16M | $100.59M | $301.87M | $317.91M | $327.46M | $91.45M | $171.56M | $121.25M | $124.39M | $83.13M | $102.37M | $107.00M | $106.41M | $75.57M | $89.95M | $93.77M | $94.60M | $55.08M | $83.15M | $93.68M |
| Low Forecast | $386.85M | $413.28M | $439.08M | $413.33M | $363.02M | $388.39M | $410.39M | $385.01M | $335.95M | $361.67M | $380.16M | $67.06M | $296.16M | $312.44M | $318.69M | $60.96M | $114.38M | $121.25M | $124.39M | $55.42M | $102.37M | $107.00M | $106.41M | $50.38M | $89.95M | $93.77M | $94.60M | $36.72M | $83.15M | $93.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.36% | 0.23% | 1.60% | 0.81% | 0.58% | 0.53% | 1.30% | 1.42% | 1.06% | 1.64% | 2.49% | 2.02% | 1.15% | 0.69% | 0.85% | 1.46% | 0.99% |
4 analysts predict SIGI's average Quarter EBITDA for Dec 23 to be $299.17M, with a high of $301.87M and a low of $296.16M. This is 165.89% upper than Selective Insurance Group's previous annual EBITDA (Sep 23) of $112.52M.
Selective Insurance Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $89.21M | $58.61M | $92.60M | $86.50M | $42.50M | $39.50M | $56.33M | $98.98M | $73.70M | $121.88M | $109.27M | $127.06M | $69.88M | $34.18M | $15.24M | $81.86M | $56.15M |
| Avg Forecast | $153.30M | $118.71M | $119.16M | $138.90M | $142.73M | $113.71M | $107.79M | $121.78M | $121.69M | $100.08M | $91.40M | $58.46M | $118.91M | $97.15M | $60.69M | $53.14M | $97.29M | $71.29M | $75.09M | $48.31M | $86.09M | $61.31M | $76.36M | $43.92M | $72.39M | $57.70M | $22.11M | $17.92M | $67.32M | $64.78M |
| High Forecast | $156.72M | $121.36M | $121.82M | $142.00M | $145.91M | $116.25M | $110.19M | $129.16M | $126.71M | $103.69M | $91.40M | $70.15M | $121.39M | $107.53M | $62.04M | $63.77M | $116.75M | $74.37M | $77.47M | $57.97M | $86.09M | $61.31M | $76.36M | $52.70M | $72.39M | $57.70M | $22.11M | $21.51M | $67.32M | $64.78M |
| Low Forecast | $151.29M | $117.16M | $117.60M | $137.08M | $140.86M | $112.22M | $106.38M | $116.25M | $112.91M | $96.48M | $91.40M | $46.76M | $117.06M | $88.59M | $59.90M | $42.51M | $77.84M | $68.22M | $72.70M | $38.65M | $86.09M | $61.31M | $76.36M | $35.13M | $72.39M | $57.70M | $22.11M | $14.34M | $67.32M | $64.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.97% | 1.74% | 0.89% | 0.60% | 0.53% | 1.17% | 1.15% | 1.20% | 1.60% | 2.49% | 1.76% | 1.21% | 1.55% | 0.85% | 1.22% | 0.87% |
Selective Insurance Group's average Quarter net income forecast for Dec 23 is $118.91M, with a range of $117.06M to $121.39M. SIGI's average Quarter net income forecast represents a 33.30% increase compared to the company's last Quarter net income of $89.21M (Sep 23).
Selective Insurance Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.10M | $6.70M | $5.50M | $7.90M | $11.02M | $5.37M | $4.27M | $9.11M | $9.55M | $6.10M | $3.90M | $6.34M | $9.06M | $2.56M | $6.37M |
| Avg Forecast | $107.88M | $115.24M | $122.44M | $115.26M | $101.23M | $108.30M | $114.44M | $107.93M | $93.47M | $100.85M | $104.94M | $5.11M | $82.59M | $87.00M | $88.87M | $4.65M | $5.28M | $8.70M | $8.92M | $4.22M | $7.34M | $7.67M | $7.63M | $3.84M | $6.45M | $6.72M | $6.78M | $10.66M | $5.96M | $6.72M |
| High Forecast | $109.73M | $117.23M | $124.54M | $117.24M | $102.97M | $110.17M | $116.40M | $110.40M | $94.93M | $102.59M | $104.94M | $6.13M | $83.33M | $87.76M | $90.39M | $5.58M | $6.33M | $8.70M | $8.92M | $5.07M | $7.34M | $7.67M | $7.63M | $4.61M | $6.45M | $6.72M | $6.78M | $12.79M | $5.96M | $6.72M |
| Low Forecast | $106.79M | $114.09M | $121.21M | $114.10M | $100.21M | $107.22M | $113.29M | $106.28M | $92.74M | $99.84M | $104.94M | $4.09M | $81.76M | $86.25M | $87.97M | $3.72M | $4.22M | $8.70M | $8.92M | $3.38M | $7.34M | $7.67M | $7.63M | $3.07M | $6.45M | $6.72M | $6.78M | $8.53M | $5.96M | $6.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.60% | 1.27% | 0.63% | 0.89% | 2.61% | 0.73% | 0.56% | 1.19% | 2.49% | 0.95% | 0.58% | 0.94% | 0.85% | 0.43% | 0.95% |
Selective Insurance Group's average Quarter SG&A projection for Jun 23 is $88.87M, based on 2 Wall Street analysts, with a range of $87.97M to $90.39M. The forecast indicates a 634.44% rise compared to SIGI last annual SG&A of $12.10M (Mar 23).
Selective Insurance Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.43 | $0.93 | $1.49 | $1.40 | $0.67 | $0.62 | $0.89 | $1.64 | $1.19 | $1.99 | $1.78 | $2.12 | $1.17 | $0.57 | $0.25 | $1.38 | $0.95 |
| Avg Forecast | $2.50 | $1.94 | $1.94 | $2.27 | $2.33 | $1.85 | $1.76 | $1.99 | $1.99 | $1.63 | $1.49 | $1.86 | $1.94 | $1.58 | $0.99 | $1.57 | $1.45 | $1.17 | $1.23 | $1.47 | $1.41 | $1.01 | $1.25 | $1.04 | $1.19 | $0.95 | $0.36 | $1.01 | $1.11 | $1.06 |
| High Forecast | $2.56 | $1.98 | $1.99 | $2.32 | $2.38 | $1.90 | $1.80 | $2.11 | $2.07 | $1.69 | $1.49 | $1.86 | $1.98 | $1.75 | $1.01 | $1.61 | $1.48 | $1.22 | $1.27 | $1.49 | $1.41 | $1.01 | $1.25 | $1.04 | $1.19 | $0.95 | $0.36 | $1.01 | $1.11 | $1.06 |
| Low Forecast | $2.47 | $1.91 | $1.92 | $2.24 | $2.30 | $1.83 | $1.74 | $1.90 | $1.84 | $1.57 | $1.49 | $1.86 | $1.91 | $1.45 | $0.98 | $1.55 | $1.43 | $1.12 | $1.19 | $1.45 | $1.41 | $1.01 | $1.25 | $1.04 | $1.19 | $0.95 | $0.36 | $1.01 | $1.11 | $1.06 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.94% | 0.95% | 0.96% | 0.57% | 0.50% | 0.61% | 1.16% | 1.18% | 1.59% | 1.71% | 1.78% | 1.23% | 1.58% | 0.25% | 1.25% | 0.89% |
According to 4 Wall Street analysts, Selective Insurance Group's projected average Quarter EPS for Dec 23 is $1.94, with a low estimate of $1.91 and a high estimate of $1.98. This represents a 35.65% increase compared to SIGI previous annual EPS of $1.43 (Sep 23).
Selective Insurance Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ARGO | Argo Group | $29.99 | $45.25 | 50.88% | Hold |
| PRA | ProAssurance | $16.24 | $18.33 | 12.87% | Buy |
| SIGI | Selective Insurance Group | $95.98 | $97.40 | 1.48% | Buy |
| KMPR | Kemper | $70.71 | $71.00 | 0.41% | Buy |
| HMN | Horace Mann Educators | $40.38 | $38.50 | -4.66% | Strong Buy |
| CNA | CNA Financial | $48.85 | $45.00 | -7.88% | Buy |