Selective Insurance Group, Inc. (SIGI) At $55.75 Forms Top; 6 Bullish Analysts Covering Ameris Bancorp (ABCB)

May 18, 2018 - By Ann Lacey

Selective Insurance Group, Inc. (NASDAQ:SIGI) Logo

Selective Insurance Group, Inc. (SIGI) formed multiple top with $59.10 target or 6.00% above today’s $55.75 share price. Selective Insurance Group, Inc. (SIGI) has $3.28 billion valuation. The stock decreased 0.18% or $0.1 during the last trading session, reaching $55.75. About 157,374 shares traded. Selective Insurance Group, Inc. (NASDAQ:SIGI) has risen 26.95% since May 18, 2017 and is uptrending. It has outperformed by 15.40% the S&P500.

Among 10 analysts covering Ameris Bancorp (NASDAQ:ABCB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Ameris Bancorp had 31 analyst reports since August 14, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, April 20 report. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Hold” rating given on Tuesday, September 27 by Sandler O’Neill. The firm has “Buy” rating given on Friday, November 17 by SunTrust. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Buy” rating by SunTrust on Tuesday, November 28. The firm has “Outperform” rating given on Friday, August 14 by Wood. As per Monday, June 26, the company rating was maintained by Keefe Bruyette & Woods. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Buy” rating given on Wednesday, August 19 by Wood. The stock has “Buy” rating by Stephens on Monday, April 23. The rating was maintained by Piper Jaffray with “Overweight” on Wednesday, December 23. See Ameris Bancorp (NASDAQ:ABCB) latest ratings:

23/04/2018 Broker: Stephens Rating: Buy New Target: $64.0000 Maintain
23/04/2018 Broker: SunTrust Rating: Buy New Target: $60.0000 Maintain
20/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $63.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $64.0 Maintain
01/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $63.0 Maintain
30/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $58.0 Maintain
29/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $57.0 Maintain
08/01/2018 Broker: SunTrust Rating: Buy New Target: $59.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $62.0 Maintain
28/11/2017 Broker: SunTrust Rating: Buy New Target: $57.0 Maintain

Since May 7, 2018, it had 0 buys, and 3 insider sales for $1.62 million activity. 9,000 shares valued at $503,951 were sold by Lanza Michael H on Tuesday, May 8. $559,024 worth of stock was sold by THEBAULT J BRIAN on Monday, May 7.

Among 5 analysts covering Selective Insurance (NASDAQ:SIGI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Selective Insurance has $62.0 highest and $34 lowest target. $55.13’s average target is -1.11% below currents $55.75 stock price. Selective Insurance had 18 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained Selective Insurance Group, Inc. (NASDAQ:SIGI) rating on Monday, October 2. RBC Capital Markets has “Hold” rating and $50.0 target. As per Friday, April 6, the company rating was maintained by Sandler O’Neill. The company was downgraded on Friday, December 9 by RBC Capital Markets. As per Monday, August 28, the company rating was maintained by RBC Capital Markets. The stock of Selective Insurance Group, Inc. (NASDAQ:SIGI) has “Hold” rating given on Monday, February 5 by Keefe Bruyette & Woods. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. Keefe Bruyette & Woods maintained it with “Hold” rating and $55.0 target in Friday, October 27 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, September 20. As per Monday, January 23, the company rating was initiated by Sandler O’Neill. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods.

Investors sentiment increased to 0.85 in 2017 Q4. Its up 0.05, from 0.8 in 2017Q3. It is positive, as 13 investors sold Selective Insurance Group, Inc. shares while 74 reduced holdings. 27 funds opened positions while 47 raised stakes. 44.19 million shares or 0.72% less from 44.51 million shares in 2017Q3 were reported. The British Columbia – Canada-based Pacad Limited has invested 0.03% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Citadel Advsrs Ltd Liability Company has invested 0% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Bridgeway reported 198,750 shares. First Bankshares Of Omaha stated it has 44,668 shares. Ftb Inc reported 903 shares stake. First Mercantile Tru stated it has 5,700 shares or 0.07% of all its holdings. Whittier Tru accumulated 2,500 shares. Hgk Asset Management stated it has 0.07% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Stratos Wealth Limited holds 0% or 119 shares. Sterling Cap Management Lc stated it has 452,415 shares or 0.24% of all its holdings. Point72 Asia (Hong Kong) Limited holds 0.01% in Selective Insurance Group, Inc. (NASDAQ:SIGI) or 131 shares. Everence Mgmt holds 0.05% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 3,910 shares. Stifel Fin reported 269,188 shares. Raymond James And owns 13,471 shares or 0% of their US portfolio. Piermont Management holds 1.02% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 52,814 shares.

Analysts await Selective Insurance Group, Inc. (NASDAQ:SIGI) to report earnings on July, 25. They expect $0.83 EPS, up 22.06% or $0.15 from last year’s $0.68 per share. SIGI’s profit will be $48.76 million for 16.79 P/E if the $0.83 EPS becomes a reality. After $0.46 actual EPS reported by Selective Insurance Group, Inc. for the previous quarter, Wall Street now forecasts 80.43% EPS growth.

The stock increased 0.63% or $0.35 during the last trading session, reaching $55.9. About 148,927 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since May 18, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Ameris Bancorp operates as the holding firm for Ameris Bank that provides banking services to retail and commercial clients primarily in Georgia, Alabama, Florida, and South Carolina. The company has market cap of $2.14 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 28.23 P/E ratio. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Investors sentiment increased to 1.42 in 2017 Q4. Its up 0.29, from 1.13 in 2017Q3. It is positive, as 9 investors sold Ameris Bancorp shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported. First Tru Advisors L P holds 0.01% or 61,628 shares. Envestnet Asset Management Incorporated invested 0% in Ameris Bancorp (NASDAQ:ABCB). 343,705 are held by Geode Mngmt Limited Liability Co. Schwab Charles Inv Mngmt Inc reported 185,218 shares stake. 1492 Capital Mgmt Ltd Com has invested 0.19% in Ameris Bancorp (NASDAQ:ABCB). Emerald Mutual Fund Advisers has invested 0.4% in Ameris Bancorp (NASDAQ:ABCB). Alliancebernstein L P invested in 0% or 49,954 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,551 shares. Wells Fargo Mn accumulated 532,840 shares. Riverhead Capital Mgmt Ltd Limited Liability Company invested in 0.01% or 4,619 shares. State Of Tennessee Treasury Department holds 29,268 shares or 0.01% of its portfolio. Next Century Growth Invsts Limited Liability Co invested in 1.73% or 289,237 shares. Great West Life Assurance Can has 50,691 shares for 0.01% of their portfolio. Legal & General Gp Public Limited Company holds 79,227 shares. New York-based State Common Retirement Fund has invested 0% in Ameris Bancorp (NASDAQ:ABCB).

Selective Insurance Group, Inc. (NASDAQ:SIGI) Institutional Positions Chart

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