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How to Buy Selective Insurance Group Stock

Selective Insurance Group Inc

Selective Insurance Group, Inc. , together with its subsidiaries, provides insurance products and services in the United States.

Selective Insurance Group stock last closed at $83.49, up 1.72% from the previous day, and has decreased 18.43% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.34 percentage points. Selective Insurance Group stock is currently +3.07% from its 52-week low of $81.00, and -23.81% from its 52-week high of $109.58.

As of Jul 22, 2024, there are 60.79M shares of SIGI outstanding. The market cap of SIGI is $5.08B. In the last 24 hours, 1.18M SIGI shares were traded.

How to Buy Selective Insurance Group Stock

Not sure how to invest in Selective Insurance Group stock? Here's how.
  1. Figure out where to buy Selective Insurance Group stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Selective Insurance Group stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your details.
  4. Evaluate Selective Insurance Group stock: The Selective Insurance Group ticker symbol is SIGI. Is Selective Insurance Group stock a good investment? Should you buy shares of SIGI? How do SIGI's underlying business fundamentals look? Do top analysts think Selective Insurance Group is a good buy? Why has SIGI's stock price moved recently? (Hint: Our stock analysis website can help you decide if SIGI is a good stock to buy).
  5. Make your SIGI trade: Decide if you will purchase SIGI shares at the current market price or use a limit order to purchase SIGI shares at a particular price.
  6. Get the latest news on your SIGI investment: Create a watchlist to monitor your position in Selective Insurance Group stock.

Step 1: Figure out where to buy Selective Insurance Group stock

You need an online brokerage account to access the NASDAQ market and buy SIGI stock.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, you need to fill out some personal info so you are able to invest in SIGI stock today.

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Step 3: Deposit funds into your brokerage account

Now that you've created your account on the highest rated stock app, you need to deposit funds:

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Step 4: Evaluate Selective Insurance Group stock

Once you have chosen the best place to buy Selective Insurance Group stock, it's crucial to research their stock prior to investing, so you actually comprehend the risk as well as the upside.

Selective Insurance Group stock quick numbers

SIGI Price
$83.49
1w %
-14.87%
1y %
-18.43%
5y %
11.38%
P/E
14.65x
P/B
1.69x
P/S
1.15x
PEG
0.82x
Revenue
$4.40B
Earnings
$345.98M
Fore. Rev. Growth
10.73%
Fore. Earn. Growth
19.76%
Market Cap
$5.08B
Next Earnings
Jul 25, 2024
Next Dividend
Sep 3, 2024

Selective Insurance Group Fundamentals

WallStreetZen was built to help average investors do more accurate fundamental analysis.

You can see all of the due diligence checks on SIGI's stock page.

Is SIGI stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge SIGI's fair value.

Using relative valuations measures:

  • SIGI could be undervalued based on its P/E ratio of 14.65x, relative to Insurance - Property & Casualty industry P/E ratio of 17.48x
  • SIGI could be undervalued based on its P/B ratio of 1.69x, relative to Insurance - Property & Casualty industry P/B ratio of 2.2x
  • SIGI may be undervalued based on its PEG ratio of 0.82x

You can do additional valuation research on SIGI's stock here.

SIGI Financial Overview

Positive Financial Indicators:

  • Total SIGI debt is lower than 5 years ago, relative to shareholder equity.
  • SIGI earnings of $475.03M is not sufficient to cover its interest payments.
  • SIGI profit margin has gone up from 6.8% to 7.9% in the past year.
  • SIGI's operating cash flow of $737.35M allows it to safely service it's debt of $503.31M.

Negative Financial Indicators:

  • SIGI has a relatively high debt to equity ratio of 3.01.

Is Selective Insurance Group stock a Buy, Hold, or Sell, according to analysts?

Out of 5 Equities analysts who monitor SIGI, the consensus analyst rating on Selective Insurance Group is a Hold

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Selective Insurance Group stock forecast page.

SIGI Trading Indicators

SMA10
94.12
SMA20
93.31
SMA50
94.38
SMA100
98.7
SMA200
100.56
MACD
-0.8
MACD Signal
-0.01
MACD Histogram
-0.79
RSI
32.52
Stochastic %K
31.08
Stochastic %D
57.93
StochRSI %K
31.36
StochRSI %D
63.05

How are SIGI Revenues/Earnings doing?

Last year, SIGI earnings were $345.98M. During the last 5 year, SIGI's earnings have grown by 8.68% per year. This was slower than the Insurance - Property & Casualty industry average of 19.18%.

Last year, SIGI revenue was $4.40B. In the last 5 year, SIGI's revenue has increased by 10.59% per year. This was slower than the Insurance - Property & Casualty industry average of 11.37%.

You can research SIGI's earnings and revenue performance here.

What are SIGI executives and large shareholders up to?

Over the last 12 months, executives and large shareholders at SIGI have sold more shares than they have bought.

John J. Marchioni, President and CEO of SIGI, was the latest SIGI insider to buy. They bought $200,532.00 worth of SIGI stock on Jul 22, 2024.

Learn more about who owns SIGI stock here.

Can I get consistent income from SIGI stock?

Selective Insurance Group pays a dividend of 1.62%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.57%. If you owned $1,000 worth of SIGI stock, you would have been paid $16.17 in the past year.

Selective Insurance Group dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about Selective Insurance Group dividend yield and history here.

SIGI Social Trading Data

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Step 5: Make your SIGI trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price, use a limit order.

Click the Open button and your broker will execute your order.

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Step 6: Get the latest news on your SIGI investment

Now that you own some shares in SIGI, you'll want to stay up-to-date on your new investment.

Make a watchlist to get alerted to the latest events about your SIGI stock.

SIGI Feed

How to Buy Stock in Selective Insurance Group

To reiterate, here are the 6 steps for buying Selective Insurance Group stock:

  1. Figure out where to buy Selective Insurance Group stock
  2. Sign up for a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Selective Insurance Group stock
  5. Make your SIGI trade
  6. Get the latest news on your SIGI investment

If you are looking for a online brokerage, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Selective Insurance Group, get started below.

NASDAQ: SIGI
$83.49+1.41 (+1.72%)
Updated Jul 22, 2024
Open eToro Account
NASDAQ: SIGI
$83.49+1.41 (+1.72%)
Updated Jul 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Selective Insurance Group share?

As of Jul 22, 2024, it costs $83.49 to buy one share of Selective Insurance Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.12 shares of SIGI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Selective Insurance Group stock?

According to 5 Wall Street analysts who monitor Selective Insurance Group, their consensus recommendation is to hold Selective Insurance Group stock.

What is the best way to buy Selective Insurance Group stock?

One way to place an order for Selective Insurance Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.