RBC Capital analyst Scott Heleniak maintains $Selective Insurance (SIGI.US)$ with a hold rating, and adjusts the target price from $96 to $99.
According to TipRanks data, the analyst has a success rate of 91.2% and a total average return of 22.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Selective Insurance (SIGI.US)$'s main analysts recently are as follows:
The firm's projections for Selective Insurance's earnings per share have slightly increased due to greater investment income. However, it is anticipated that the company's stock may face challenges in reclaiming its traditional premium in the short term because of the lingering concerns over its recent reserving practices.
Selective Insurance's Q3 outcomes revealed signs of stabilization in comparison to previous quarters, hinting at a more effectively positioned reserving on business written more recently. The company witnessed improvement in core margins across all three segments, with a portion of this enhancement stemming from reduced non-catastrophe property losses.
Note:
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