Selective Insurance Group, Sees Significant Decrease in Short Interest
January 1, 2023
Trending News ☀️
Selective Insurance Intrinsic Stock Value – Selective Insurance ($NASDAQ:SIGI) Group, Inc. is a publicly traded stock (NASDAQ: SIGI) that provides insurance and risk management services across the United States. Recently, the company has seen a considerable decrease in the amount of short interest. Short interest is a financial term that refers to the number of shares sold short. In other words, it is the total number of shares that are being borrowed and sold without being owned by the seller. A high level of short interest often indicates that investors are bearish on a stock; conversely, a low level of short interest often indicates that investors are bullish on a stock.
In Selective Insurance Group’s case, the company has seen a significant decrease in short interest over the past few months. This decrease could indicate that investors are becoming more bullish on the company’s future prospects. It could also suggest that investors are becoming more confident in the stock’s price performance. This could suggest that investors are becoming more optimistic about the company’s future prospects and performance. As such, investors may want to consider taking this into account when making decisions about the stock.
Price History
The stock opened at $88.3 and closed at $86.1, down by 3.0% from the last closing price of 88.8. The decrease in short interest is likely related to the positive sentiment that the company has generated recently. The company offers a range of products including property, casualty, workers’ compensation and life insurance.
In addition, the company offers services such as risk management, claims management and compliance services. The positive media exposure that Selective Insurance Group, Inc. has been receiving recently has been beneficial to the company’s stock price. Investors have reacted positively to the news and have been buying the stock, which has ultimately led to a decrease in short interest. This is a sign that investors are feeling more confident in the company’s prospects and believe that the stock is undervalued. The positive media exposure has been beneficial to the stock price and investors are increasingly confident in the company’s prospects. As long as the company continues to generate positive news, it is likely that the stock will continue to benefit from investor optimism. 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 |
| 3.49k | 228.18 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Selective Insurance. More…
| Operations | Investing | Financing |
| 722.45 | -618.78 | -122.81 |
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 |
| 10.52k | 8.09k | 40.28 |
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 |
| 8.1% | – | 15.8% |
| FCF Margin | ROE | ROA |
| 19.9% | 8.1% | 1.9% |
VI Analysis – Selective Insurance Intrinsic Stock Value
SELECTIVE INSURANCE is a company with a long-term potential that can be seen in its fundamentals. The VI app provides an easy way to analyze these fundamentals and get an estimate of the intrinsic value of SELECTIVE INSURANCE’s stock. According to VI Line, the intrinsic value of SELECTIVE INSURANCE stock is around $78.3. At the moment, the stock is being traded at $86.1, which is around 10% more than its intrinsic value. This suggests that SELECTIVE INSURANCE stock is currently overvalued. Investors should consider the current market conditions and their own risk appetite before investing in SELECTIVE INSURANCE. More…
VI Peers
The company’s competitors are Chubb Ltd, Safety Insurance Group Inc, and Suncorp Group Ltd.
– Chubb Ltd ($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
Investing in Selective Insurance Group, Inc. can be a wise choice for investors looking for stability and long-term growth. They offer a variety of insurance products, including auto, homeowner, life, health, and business insurance. They also offer specialty coverage, such as pet insurance and commercial property insurance. The company is financially strong and has a solid track record of delivering returns to shareholders. They have a diversified portfolio of investments, including bonds, stocks, and other securities. Additionally, their dividend yield is competitive compared to other insurers in the same industry. Selective Insurance Group, Inc. has a well-established presence in the insurance industry and is well-respected by consumers and investors alike. They have established relationships with many major companies that they insure, which provides them with a steady stream of income and helps ensure their long-term financial stability. For those looking to invest in Selective Insurance Group, Inc., it is important to note that there has recently been a significant decrease in short interest in the company. This could mean that the stock price may be undervalued at the moment, making it a good time to buy.
However, it is important to consider all factors when investing, and to do your due diligence before making any decisions. As with any investment, there are potential risks and rewards that should be taken into account.
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