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

Tipranks - Tipranks - Sat Jan 31, 8:00AM CST

Piper Sandler analyst Paul Newsome maintained a Hold rating on Selective Insurance Group today and set a price target of $79.00.

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According to TipRanks, Newsome is a 5-star analyst with an average return of 11.4% and a 68.08% success rate. Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, TWFG, Inc. Class A, and Aon.

Currently, the analyst consensus on Selective Insurance Group is a Hold with an average price target of $81.75.

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Based on Selective Insurance Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.36 billion and a net profit of $115.34 million. In comparison, last year the company earned a revenue of $1.24 billion and had a net profit of $92.28 million

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