RBC Capital analyst Mark Dwelle maintained a Hold rating on Selective Insurance Group (NASDAQ:SIGI) on Thursday, setting a price target of $57, which is approximately 5.65% above the present share price of $53.95.
Dwelle expects Selective Insurance Group to post earnings per share (EPS) of $1.17 for the fourth quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Selective Insurance Group, with an average price target of $57.
The analysts price targets range from a high of $57 to a low of $57.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $776.5 million and a net profit of $0. The company's market cap is $3.23 billion.
According to TipRanks.com, RBC Capital analyst Mark Dwelle is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.7% and a 58.25% success rate.
Selective Insurance Group, Inc. provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies. The Standard Personal Lines segment comprises of insurance products and services, including flood insurance coverage. The E&S Lines segment includes insurance products and services provided to customers who are not obtained coverage in the standard marketplace. The Investments segment invests the premiums collected by various segments; and engages in the issuance of debt and equity securities. Selective Insurance Group was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.