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Selective Insurance Group, Inc. (NASDAQ:SIGI) has experienced a notable downturn, with its stock price reaching a 52-week low of $80.82. According to InvestingPro data, the company maintains a strong dividend track record, having maintained payments for 51 consecutive years with 11 straight years of increases. This latest price level reflects a significant retreat from previous valuations, marking a challenging period for the company’s investors. Over the past year, Selective Insurance has seen its stock value decrease by 20.28%, indicating a period of bearish sentiment among investors and potential concerns over the company’s performance or market conditions that may have influenced this downward trend. The 52-week low serves as a critical point of reference for analysts and shareholders alike, as they assess the stock’s potential for recovery or further decline. While five analysts have recently revised earnings downward, InvestingPro analysis indicates the company remains profitable with expected net income growth this year. For deeper insights into SIGI’s valuation and growth prospects, including exclusive ProTips and comprehensive financial analysis, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Selective Insurance Group reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.62, which fell short of the analyst forecast of $1.99. Despite the earnings miss, the company’s revenue exceeded expectations, reaching $1.26 billion. Analysts from Keefe, Bruyette & Woods responded by downgrading Selective Insurance’s stock rating to Market Perform and lowering the price target from $116.00 to $93.00, citing revised EPS estimates for 2025 and 2026. In parallel, Morgan Stanley (NYSE:MS) also adjusted its outlook, reducing the price target from $95.00 to $87.00, while maintaining an Equalweight rating on the stock. This decision was influenced by revised EPS estimates due to increased catastrophe forecasts and financial guidance for 2025. The company has faced challenges with social inflation impacting its reserving practices, as noted by Morgan Stanley analysts. These recent developments highlight the ongoing market dynamics affecting Selective Insurance Group.
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