Selective Insurance Group, Inc. Price & Performance (SIGIP)

Selective Insurance Group has successfully issued $400 million in senior notes with a 5.900% interest rate, maturing in 2035. This move raises the company's debt-to-capital ratio to 22%, reflecting its strategic focus on growth. The funds will support general corporate purposes and organic expansion opportunities.12

Selective Insurance has seen mixed analyst ratings recently, with some downgrading their price targets due to earnings misses and rising catastrophe costs. Despite these challenges, others highlight the company's dividend yield and geographic expansion as strengths, indicating potential for long-term growth.34

Selective Insurance's short interest has increased by 11.36%, signaling bearish sentiment among traders. Now accounting for 3.04% of available shares, the rise in short positions could reflect investor concerns, though some see it as a potential bullish signal if sentiment shifts.5