Morgan Stanley downgraded Selective Insurance (SIGI) to Underweight from Equal Weight with a price target of $72, down from $86. The firm says the company is “entering a challenging cycle” with uncertainties around reserving and underwriting. The need for changes in Selective’s Commercial segment and increased competition in its commercial property and personal auto underwriting should pressure the shares, the analyst tells investors in a research note. As such, Morgan Stanley expects the stock at a discount to peers.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIGI:
- Wole Coaxum Resigns from Selective Insurance Board
- Selective Insurance price target lowered to $84 from $92 at Keefe Bruyette
- Selective Insurance price target lowered to $90 from $105 at Oppenheimer
- Selective Insurance price target lowered to $86 from $90 at Morgan Stanley
- Selective Insurance Reports Strong Q2 2025 Results