Piper Sandler Maintains Neutral on Selective Insurance Gr, Lowers Price Target to $97
Piper Sandler analyst Paul Newsome maintains Selective Insurance Gr (NASDAQ:SIGI) with a Neutral and lowers the price target from $105 to $97.
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RBC Capital analyst Rowland Mayor maintains Selective Insurance Gr (NASDAQ:SIGI) with a Outperform and raises the price target from $100 to $110.
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Piper Sandler analyst Paul Newsome maintains Selective Insurance Gr (NASDAQ:SIGI) with a Neutral and lowers the price target from $105 to $97.
The Federal Reserve's 25 basis point rate hike to 3.75-4% provides a tailwind to property and casualty insurers by boosting investment income as they reinvest maturing securities and operating cash flows at higher yields. This benefit is particularly significant for insurers with large fixed-income portfolios and shorter-duration investments, helping offset softer pricing growth and increased competition in the insurance market.
Wall Street analysts change outlook on top stocks. See upgrade, downgrade, and initiation changes on our analyst ratings page. CLX stock has mixed reviews.