Selective Insurance Group ( (SIGI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Selective Insurance Group’s stock movement has been influenced by a combination of strong investment income growth and challenges from increased casualty reserves due to social inflation. While analysts have differing views, with some advising to hold the stock and others recommending a buy, insider sentiment remains negative due to increased share sales by corporate insiders. The company is actively adjusting pricing strategies and strengthening reserves to tackle industry pressures, aiming for enhanced profitability amidst these mixed developments.
More about Selective Insurance Group
YTD Price Performance: 2.03%
Average Trading Volume: 321,136
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.79B
For further insights into SIGI stock on TipRanks’ Stock Analysis page.
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