SIGI Stock Summary and Trading Ideas (Selective Insurance Group | NASDAQ:SIGI)

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.

Selective Insurance Group trades on the NASDAQ stock market under the symbol SIGI.

As of April 19, 2024, SIGI stock price climbed to $102.40 with 217,528 million shares trading.

SIGI has a beta of -0.09, meaning it tends to be less sensitive to market movements. SIGI has a correlation of 0.00 to the broad based SPY ETF.

SIGI has a market cap of $6.23 billion. This is considered a Mid Cap stock.

Last quarter Selective Insurance Group reported $992 million in Revenue and $1.94 earnings per share. This beat revenue expectation by $33 million and met earnings estimates .

In the last 3 years, SIGI stock traded as high as $109.58 and as low as $66.81.

The top ETF exchange traded funds that SIGI belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

SIGI has underperformed the market in the last year with a return of +8.2%, while the SPY ETF gained +21.2%. In the last 3 month period, SIGI fell short of the market, returning -1.9%, while SPY returned +4.3%. However, in the most recent 2 weeks SIGI has outperformed the stock market by returning -1.9%, while SPY returned -3.5%.

SIGI support price is $100.10 and resistance is $102.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SIGI stock will trade within this expected range on the day.