Louisiana State Employees Retirement System Purchases 16000 Shares of Selective Insurance Group,
January 4, 2023
Trending News ☀️
Selective Insurance Stock Fair Value – Selective Insurance ($NASDAQ:SIGI) Group, Inc. is a publicly traded holding company that operates through its subsidiaries to provide insurance products and services for businesses and individuals. The company offers property and casualty insurance products, including workers’ compensation, business owners policies, and commercial auto policies. It also provides automobile, homeowners, and other personal lines of insurance coverage. Recently, the Louisiana State Employees Retirement System (LASERS) announced that it has purchased 16000 shares of Selective Insurance Group, Inc. (NYSE: SIGI).
This purchase furthers LASERS’ mission of providing retirement security to Louisiana’s state employees by investing in a diversified portfolio of stocks and bonds. The purchase of Selective Insurance Group, Inc. stock will help LASERS diversify its investments and provide additional stability to its portfolio. Its products are backed by an experienced team of professionals who provide excellent customer service and support. This purchase is a testament to the strength and stability of the company’s products and services, as well as its commitment to providing quality customer service.
Stock Price
This news comes at a time when media sentiment is mostly positive regarding the stock. At the opening of the trading day, Selective Insurance stock was priced at $89.0 and ended the day at a slightly higher price of $89.7, representing an increase of 1.2% from the previous closing price of 88.6. This news has been well received by investors and analysts, who are looking to capitalize on the investment potential this stock offers. Analysts are also optimistic about Selective Insurance Group, Inc.’s potential to benefit from the current market conditions and their ability to capitalize on opportunities that arise.
In addition, they are encouraged by the company’s plans to expand into new markets and invest in new technologies. The current media sentiment is mostly positive and investors and analysts are optimistic about its future prospects. As the company continues to explore new markets and invest in new technologies, Selective Insurance Group, Inc. is poised to benefit from these opportunities and maximize its potential for growth. 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 Stock Fair Value
SELECTIVE INSURANCE is a company that has long-term potential, as demonstrated by its fundamentals. The VI app provides an easy and reliable way to analyze the company’s performance. According to the analysis provided by the VI Line, the intrinsic value of SELECTIVE INSURANCE share is estimated at around $78.4. At the time of writing, the stock is being traded at $89.7, which is a fair price but slightly overvalued by 14%. This indicates that investors are expecting more from the company in the long term. This could be due to a variety of factors such as its growth potential, financial stability, and market position. It is important to understand that SELECTIVE INSURANCE has the potential to outperform in the future, and that any decision to invest should be based on a comprehensive analysis. More…
VI Peers
The company’s competitors are Chubb Ltd, Safety Insurance Group Inc, and Suncorp Group Ltd.
– Chubb Ltd ($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
Analysts are noting that Selective Insurance is currently undervalued and offers a great entry point for investors. The company has reported strong financials, with consistent dividend growth and a solid balance sheet. Furthermore, current market sentiment towards the company is mostly positive, making it a good long-term investment option. Investors should carefully consider the risks and rewards associated with Selective Insurance before making a decision to invest.
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