RBC Capital Reaffirms Their Buy Rating on Selective Insurance Group (SIGI)

In a report released on January 30, Rowland Mayor from RBC Capital maintained a Buy rating on Selective Insurance Group, with a price target of $95.00. The company’s shares closed yesterday at $84.08.

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According to TipRanks, Mayor is an analyst with an average return of -0.7% and a 55.56% success rate. Mayor covers the Financial sector, focusing on stocks such as Selective Insurance Group, American International Group, and Axis Capital.

Currently, the analyst consensus on Selective Insurance Group is a Hold with an average price target of $83.50, implying a -0.69% downside from current levels. In a report released on January 30, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $91.00 price target.

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