Selective Insurance Group

SIGI · NASDAQ

$89.44+$0.57 (+0.64%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $88.87

SIGI analyst rating

HoldConsensus of 6 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform1
Sell0

12-month price target · 9 analysts

Average $103.75 (+16.0% upside)

Low: $80.80
Now: $89.44
High: $120.75

Upgrades and downgrades

The latest rating actions, newest first

SIGI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Sep 28, 2026	Maintains	Neutral	$105.00 → $97.00	73%
Keefe, Bruyette & Woods	Jul 30, 2026	Maintains	Market Perform	$101.00 → $102.00	68%
BMO Capital	Jul 28, 2026	Downgrade	Outperform → Market Perform	$97.00	63%
RBC Capital	Jul 27, 2026	Maintains	Outperform	$110.00 → $115.00	44%
Piper Sandler	Jul 15, 2026	Maintains	Neutral	$93.00 → $103.00	73%
RBC Capital	Jul 13, 2026	Maintains	Outperform	$100.00 → $110.00	44%
Keefe, Bruyette & Woods	Jul 8, 2026	Maintains	Market Perform	$88.00 → $101.00	68%
Morgan Stanley	Jul 6, 2026	Maintains	Underweight	$72.00 → $80.00	49%
Piper Sandler	May 26, 2026	Maintains	Neutral	$82.00 → $93.00	73%
Oppenheimer	May 21, 2026	Maintains	Outperform	$100.00 → $105.00	58%

The case for and against

Updated Jul 21, 2026

Bull case

Selective Insurance Gr is a regional property-casualty insurer with four operating segments, primarily focusing on commercial enterprises in the New York metropolitan area. Their conservative reserve approach in other liability occurrence and workers' compensation lines and their diverse workforce, board representation, and environmental policies show a commitment to responsible risk management. The recent improvement in underwriting results and favorable development in personal auto, driven by the state of New Jersey, bode well for SIGI's future performance and potential for margin improvement.

Bear case

Selective Insurance Gr is facing a multitude of challenges in its commercial lines, which make up the majority of its revenue. Despite strong pricing increases, the company saw a 580 basis point increase in its loss ratio in AY25, signaling potential conservatism and nervousness about its liability reserves. Additionally, the company has been actively non-renewing underperforming business and saw a decrease in other liability premiums, further highlighting concerns about its reserve adequacy. Finally, the company's net premiums written growth was lower than expected, potentially indicating market share loss as it implements higher pricing. These factors, along with lingering uncertainty around Commercial Auto liability reserves, contribute to the negative outlook on Selective Insurance Gr's stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.