Selective Insurance Group Inc (NASDAQ:SIGI) shares, rose in value on Friday, May 30, with the stock price up by 0.58% to the previous day’s close as strong demand from buyers drove the stock to $88.02.
Actively observing the price movement in the last trading, the stock closed the session at $87.51. The PE ratio was 24.00 over 12-month period. Referring to stock’s 52-week performance, its high was $103.56, and the low was $78.13. On the whole, SIGI has fluctuated by 0.91% over the past month.
With the market capitalization of Selective Insurance Group Inc currently standing at about $5.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.49, with its dividend yield at 1.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SIGI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.60, with the price of SIGI currently trading nearly -0.35% and -0.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.89, while the 7-day volatility ratio is showing 1.77% which for the 30-day chart, stands at 1.36%. Furthermore, Selective Insurance Group Inc (SIGI)’s beta value is 0.48, and its average true range (ATR) is 2.15.
A comparison of Selective Insurance Group Inc (SIGI) with its peers suggests the former has fared considerably weaker in the market. SIGI showed an intraday change of 0.58% in last session, and over the past year, it shrunk by -7.35%%.
Data on historical trading for Selective Insurance Group Inc (NASDAQ:SIGI) indicates that the trading volumes over the past 3 months, they’ve averaged 395.76K. According to company’s latest data on outstanding shares, there are 60.77 million shares outstanding.
Nearly 1.03% of Selective Insurance Group Inc’s shares belong to company insiders and institutional investors own 85.84% of the company’s shares. The stock has fallen by -5.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SIGI stock heading into the next quarter.
