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Piper Sandler Sticks to Their Hold Rating for Selective Insurance Group (SIGI)

Tipranks - Tipranks - Wed May 27, 6:04AM CDT

Piper Sandler analyst Paul Newsome maintained a Hold rating on Selective Insurance Group today and set a price target of $93.00.

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Newsome covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, Neptune Insurance Holdings, Inc. Class A, and Prudential Financial. According to TipRanks, Newsome has an average return of 11.2% and a 66.46% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Selective Insurance Group with a $92.50 average price target.

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Based on Selective Insurance Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.35 billion and a net profit of $97.7 million. In comparison, last year the company earned a revenue of $1.29 billion and had a net profit of $109.9 million

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