Selective Insurance Group Secures New Credit Agreement

Selective Insurance Group ( (SIGI) ) has provided an update.

On June 30, 2025, Selective Insurance Group, Inc. entered into a new Credit Agreement with Wells Fargo Bank and other lenders, securing a $100 million revolving credit facility, expandable to $200 million. This agreement, which matures on June 30, 2028, replaces a prior credit agreement from November 2022, which provided a $50 million facility. The new agreement includes customary financial covenants and events of default, positioning Selective for enhanced financial flexibility without incurring penalties from the termination of the previous agreement.

The most recent analyst rating on (SIGI) stock is a Hold with a $96.00 price target. To see the full list of analyst forecasts on Selective Insurance Group stock, see the SIGI Stock Forecast page.

Spark’s Take on SIGI Stock

According to Spark, TipRanks’ AI Analyst, SIGI is a Outperform.

Selective Insurance Group demonstrates strong financial stability and growth potential, highlighted by robust cash flow and strategic execution. However, technical analysis and valuation present some concerns, as does potential pressure on investment income. Overall, the company’s strengths in financial performance and strategic direction provide a solid foundation against market uncertainties.

To see Spark’s full report on SIGI stock, click here.

More about Selective Insurance Group

Selective Insurance Group, Inc. operates in the insurance industry, providing a range of insurance products and services. The company focuses on offering property and casualty insurance solutions to its clients.

Average Trading Volume: 393,363

Technical Sentiment Signal: Sell

Current Market Cap: $5.23B

Find detailed analytics on SIGI stock on TipRanks’ Stock Analysis page.