RBC Lifts Price Target on Selective Insurance Group to $115.00

Royal Bank of Canada (RBC) has increased its price target for Selective Insurance Group (NASDAQ:SIGI) to $115.00, representing a potential upside of 21.47% from the company's previous close.

This is not an isolated opinion; several other brokerages have also recently issued reports on SIGI. For example, Piper Sandler increased its target price on Selective Insurance Group from $93.00 to $103.00 and gave the company a 'neutral' rating in a research report on July 15th.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.66 by $0.29.