Breaking Down Selective Insurance Gr: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Selective Insurance Group (NASDAQ: SIGI) has been analyzed by five analysts, revealing a mix of sentiments from bullish to bearish. The average 12-month price target has decreased by 6.25% to $96.0. Analysts have recently lowered their ratings and price targets, indicating a negative shift in sentiment.
July 22, 2024 | 6:00 pm
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NEGATIVE IMPACT
Selective Insurance Group (NASDAQ: SIGI) has experienced a negative shift in analyst sentiment, with the average 12-month price target decreasing by 6.25% to $96.0. Recent ratings have been lowered by several analysts, indicating concerns about the company's future performance.
The decrease in the average 12-month price target by 6.25% and the lowering of ratings by multiple analysts suggest a negative outlook for Selective Insurance Group. This indicates potential concerns about the company's future performance, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100