Selective Insurance Stock Fair Value – Exchange Traded Concepts LLC Decreases Stake in Selective Insurance Group by 23.9%

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SELECTIVE INSURANCE ($NASDAQ:SIGI) is a public company that offers a comprehensive portfolio of insurance and risk management products through its subsidiaries. It is one of the largest providers of personal and commercial property and casualty insurance in the United States. The company’s products are sold by independent agents and brokers throughout the country. SELECTIVE INSURANCE’s financial products are designed to meet the needs of individuals, families, businesses, and organizations. Its services include business and commercial insurance, personal automobile and homeowners insurance, inland marine, and excess and umbrella liability.

Additionally, the company provides specialty coverages such as workers’ compensation, cyber liability, executive lines, surety bonds, and professional liability.

Analysis – Selective Insurance Stock Fair Value

At GoodWhale, we recently completed an analysis of SELECTIVE INSURANCE‘s wellbeing. Our proprietary Valuation Line resulted in an estimated fair value of $87.3 for SELECTIVE INSURANCE’s share price. However, the current stock price of SELECTIVE INSURANCE is currently trading at $96.2, creating an overvalued rate of 10.2%. This suggests that SELECTIVE INSURANCE is trading at a premium compared to its fair value, and may be a good short-term investment opportunity. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Selective Insurance. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Selective Insurance. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Selective Insurance. More…

Key Ratios Snapshot

Some of the financial key ratios for Selective Insurance are shown below. 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

Investors should take note of the recent analysis of Selective Insurance Group, Inc., which shows that Exchange Traded Concepts LLC has reduced its stake in the company by 23.9% in the first quarter. This indicates that the company’s stock may not be as desirable as it was before. It is important to research any potential investments thoroughly and carefully review recent market trends that may impact the stock’s performance. Consultation with a financial advisor or professional market analyst may be useful in making a decision to invest in Selective Insurance Group.