Selective Insurance Stock Fair Value Calculation – Piper Sandler Raises Selective Insurance Group’s PT to $110.00
August 1, 2023
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Selective Insurance ($NASDAQ:SIGI) Group is an American insurance holding company headquartered in Branchville, New Jersey. The company specializes in offering property and casualty insurance products to both individuals and businesses throughout the United States. Recently, Piper Sandler has increased their target price for Selective Insurance Group to $110.00.
This is a strong indication of confidence in the stock and provides current investors with an opportunity to take advantage of future potential gains. With their diverse range of products, outstanding customer service, and vast experience in the insurance industry, Selective Insurance Group continues to be a solid investment choice for many investors.
Share Price
On Monday, Piper Sandler announced that they had raised the price target for Selective Insurance Group Inc. stock from $104 to $110. Despite the bullish outlook, the stock opened at $104.7 and closed at $103.2, down by 1.2% from its previous closing price of 104.4. This suggests that investors may not be as bullish on the stock as Piper Sandler’s analysts. Nevertheless, the price target increase shows that they believe Selective Insurance Group Inc. has promising prospects and potential for growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Selective Insurance. More…
| Total Revenues | Net Income | Net Margin |
| 3.71k | 251.93 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Selective Insurance. More…
| Operations | Investing | Financing |
| 845.5 | -736.78 | -90.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Selective Insurance. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.02k | 8.35k | 44.13 |
Key Ratios Snapshot
Some of the financial key ratios for Selective Insurance are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | – | 9.5% |
| FCF Margin | ROE | ROA |
| 22.1% | 8.5% | 2.0% |
Analysis – Selective Insurance Stock Fair Value Calculation
At GoodWhale, we recently completed an analysis of SELECTIVE INSURANCE‘s fundamentals and we have concluded that the company’s fair value is around $87.9. Our proprietary Valuation Line was used to make this determination. Currently, SELECTIVE INSURANCE’s stock is being traded at $103.2, placing it at a fair price that is overvalued by 17.4%. We suggest that investors interested in SELECTIVE INSURANCE tread carefully, as the current stock price may not be a good indicator of future returns. More…
Peers
The company’s competitors are Chubb Ltd, Safety Insurance Group Inc, and Suncorp Group Ltd.
– Chubb Ltd ($NYSE:CB)
Chubb Ltd is a holding company for insurance and reinsurance companies, which underwrite property and casualty, and accident and health insurance. The company has a market cap of 88.41B as of 2022 and a return on equity of 10.07%. Chubb Ltd operates in over 54 countries and territories and provides a broad range of insurance products and services for individuals, families, and businesses. The company’s products and services include homeowners insurance, automobile insurance, commercial property insurance, workers’ compensation insurance, and general liability insurance.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
The company’s market cap is 1.35B as of 2022 and its ROE is 5.35%. The company is a provider of insurance products and services in the United States. Its products include auto, home, business, and life insurance.
– Suncorp Group Ltd ($ASX:SUN)
Suncorp Group Ltd is a leading financial services provider in Australia and New Zealand. The company has a market cap of 15.04 billion as of 2022 and a return on equity of 5.91%. Suncorp provides a range of banking, insurance, and investment products and services to its customers. The company has a strong presence in both Australia and New Zealand, with over 9,000 employees across the two countries.
Summary
Selective Insurance Group is an insurance company that provides property, casualty and specialty insurance products and services to businesses and individuals. This upgrade likely reflects the company’s positive financial performance, as well as its potential for future growth. The company has seen a steady increase in its share price in the past year, and analysts believe that it has a bright future ahead.
Investors should consider investing in Selective Insurance Group as its outlook looks promising. The company has a strong balance sheet and offers competitive dividends, making it an attractive option for both long-term and short-term investors.
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