Selective Insurance Group's stock (SIGI) plummeted 5.81% in Thursday's intraday trading session, following mixed analyst ratings from JMP Securities and KBW.
JMP Securities reiterated a "Hold" rating on SIGI, while KBW maintained a "Buy" rating and set a price target of $116 for the insurance company. The conflicting analyst views may have contributed to the stock's decline.
Despite the sharp sell-off, KBW's Buy rating and $116 price target suggest potential upside for SIGI shares. Investors will likely monitor the company's performance and any further analyst updates for direction.
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