Selective Insurance Net Worth

Selective Insurance Net Worth Breakdown

  SIGI
The net worth of Selective Insurance Group is the difference between its total assets and liabilities. Selective Insurance's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Selective Insurance's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Selective Insurance's net worth can be used as a measure of its financial health and stability which can help investors to decide if Selective Insurance is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Selective Insurance Group stock.

Selective Insurance Net Worth Analysis

Selective Insurance's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Selective Insurance's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Selective Insurance's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Selective Insurance's net worth analysis. One common approach is to calculate Selective Insurance's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Selective Insurance's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Selective Insurance's net worth. This approach calculates the present value of Selective Insurance's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Selective Insurance's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Selective Insurance's net worth. This involves comparing Selective Insurance's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Selective Insurance's net worth relative to its peers.

Enterprise Value

6.36 Billion

To determine if Selective Insurance is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Selective Insurance's net worth research are outlined below:
Selective Insurance generated a negative expected return over the last 90 days
Selective Insurance Group currently holds 503.95 M in liabilities with Debt to Equity (D/E) ratio of 0.19, which may suggest the company is not taking enough advantage from borrowing. Selective Insurance has a current ratio of 0.32, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Selective Insurance's use of debt, we should always consider it together with its cash and equity.
Over 85.0% of Selective Insurance shares are owned by institutional investors
Latest headline from news.google.com: Selective Insurance Group Releases Quarterly Earnings Results, Misses Expectations By 0.37 EPS - MarketBeat

Selective Insurance Quarterly Good Will

7.85 Million

Selective Insurance uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Selective Insurance Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Selective Insurance's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
31st of January 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Selective Insurance Target Price Consensus

Selective target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Selective Insurance's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   8  Buy
Most Selective analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Selective stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Selective Insurance, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Selective Insurance Target Price Projection

Selective Insurance's current and average target prices are 82.14 and 104.00, respectively. The current price of Selective Insurance is the price at which Selective Insurance Group is currently trading. On the other hand, Selective Insurance's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Selective Insurance Market Quote on 31st of January 2025

Low Price80.84Odds
High Price89.96Odds

82.14

Target Price

Analyst Consensus On Selective Insurance Target Price

Low Estimate94.64Odds
High Estimate115.44Odds

104.0

Historical Lowest Forecast  94.64 Target Price  104.0 Highest Forecast  115.44
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Selective Insurance Group and the information provided on this page.

Know Selective Insurance's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Selective Insurance is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Selective Insurance Group backward and forwards among themselves. Selective Insurance's institutional investor refers to the entity that pools money to purchase Selective Insurance's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Charles Schwab Investment Management Inc2024-09-30
867.7 K
Channing Capital Management, Llc2024-09-30
741.7 K
Norges Bank2024-06-30
729.4 K
Vaughan Nelson Scarbrgh & Mccullough Lp2024-09-30
717.9 K
Nuveen Asset Management, Llc2024-09-30
632.3 K
First Trust Advisors L.p.2024-09-30
588.9 K
Millennium Management Llc2024-09-30
572.7 K
Bank Of New York Mellon Corp2024-09-30
561.6 K
Bank Of America Corp2024-09-30
487.2 K
Blackrock Inc2024-09-30
7.6 M
Vanguard Group Inc2024-09-30
6.6 M
Note, although Selective Insurance's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Selective Insurance's market capitalization trends

The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.99 B.

Market Cap

5.88 Billion

Project Selective Insurance's profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets 0.04  0.03 
Return On Capital Employed 0.05  0.04 
Return On Assets 0.04  0.02 
Return On Equity 0.14  0.11 
The company has Profit Margin (PM) of 0.05 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.1 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.1.
When accessing Selective Insurance's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Selective Insurance's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Selective Insurance's profitability and make more informed investment decisions.

Evaluate Selective Insurance's management efficiency

Selective Insurance has return on total asset (ROA) of 0.0163 % which means that it generated a profit of $0.0163 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0813 %, meaning that it created $0.0813 on every $100 dollars invested by stockholders. Selective Insurance's management efficiency ratios could be used to measure how well Selective Insurance manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to 0.03. The current Return On Capital Employed is estimated to decrease to 0.04. As of now, Selective Insurance's Intangible Assets are increasing as compared to previous years. The Selective Insurance's current Intangibles To Total Assets is estimated to increase to 0.03, while Other Assets are forecasted to increase to (1.3 B).
Last ReportedProjected for Next Year
Book Value Per Share 42.52  44.64 
Tangible Book Value Per Share 36.29  38.10 
Enterprise Value Over EBITDA 14.95  20.59 
Price Book Value Ratio 1.90  0.97 
Enterprise Value Multiple 14.95  20.59 
Price Fair Value 1.90  0.97 
Enterprise Value6.1 B6.4 B
At Selective Insurance, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Enterprise Value Revenue
1.3622
Revenue
4.7 B
Quarterly Revenue Growth
0.151
Revenue Per Share
77.534
Return On Equity
0.0813
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Selective Insurance insiders, such as employees or executives, is commonly permitted as long as it does not rely on Selective Insurance's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Selective Insurance insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Patrick Brennan few days ago
Acquisition by Patrick Brennan of 12036 shares of Selective Insurance subject to Rule 16b-3
 
Thebault J Brian over a week ago
Acquisition by Thebault J Brian of 1172 shares of Selective Insurance subject to Rule 16b-3
 
Mark Wilcox over a month ago
Disposition of 3415 shares by Mark Wilcox of Selective Insurance at 100.9 subject to Rule 16b-3
 
Marchioni John J. over a month ago
Disposition of 1002 shares by Marchioni John J. of Selective Insurance subject to Rule 16b-3
 
Patrick Brennan over three months ago
Acquisition by Patrick Brennan of 12036 shares of Selective Insurance subject to Rule 16b-3
 
Burville John over six months ago
Disposition of 20000 shares by Burville John of Selective Insurance at 100.1721 subject to Rule 16b-3
 
Kush Paul over six months ago
Disposition of 1400 shares by Kush Paul of Selective Insurance at 90.18 subject to Rule 16b-3
 
Kush Paul over six months ago
Disposition of 1290 shares by Kush Paul of Selective Insurance at 96.8 subject to Rule 16b-3
 
Michael Lanza over six months ago
Disposition of 5206 shares by Michael Lanza of Selective Insurance at 80.0511 subject to Rule 16b-3
 
Brenda Hall over six months ago
Disposition of 2626 shares by Brenda Hall of Selective Insurance at 105.8773 subject to Rule 16b-3
 
Michael Morrissey over six months ago
Disposition of 100 shares by Michael Morrissey of Selective Insurance at 79.75 subject to Rule 16b-3
 
Robert Doherty over six months ago
Disposition of 2900 shares by Robert Doherty of Selective Insurance at 104.6906 subject to Rule 16b-3

Selective Insurance Corporate Filings

8K
29th of January 2025
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
4th of December 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
13A
12th of November 2024
An amended filing to the original Schedule 13G
ViewVerify
10Q
25th of October 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
Selective Insurance time-series forecasting models is one of many Selective Insurance's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Selective Insurance's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Selective Insurance Earnings Estimation Breakdown

The calculation of Selective Insurance's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Selective Insurance is estimated to be 1.9014 with the future projection ranging from a low of 1.77 to a high of 2.06. Please be aware that this consensus of annual earnings estimates for Selective Insurance Group is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
1.62
1.77
Lowest
Expected EPS
1.9014
2.06
Highest

Selective Insurance Earnings Projection Consensus

Suppose the current estimates of Selective Insurance's value are higher than the current market price of the Selective Insurance stock. In this case, investors may conclude that Selective Insurance is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Selective Insurance's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2025Current EPS (TTM)
884.53%
1.62
1.9014
3.72

Selective Insurance Earnings History

Earnings estimate consensus by Selective Insurance analysts from Wall Street is used by the market to judge Selective Insurance's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Selective Insurance's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Selective Insurance Quarterly Gross Profit

1.22 Billion

As of now, Selective Insurance's Retained Earnings are increasing as compared to previous years. The Selective Insurance's current Earnings Yield is estimated to increase to 0.10, while Retained Earnings Total Equity is projected to decrease to under 1.8 B. The current Common Stock Shares Outstanding is estimated to decrease to about 61.1 M. The current Net Income Applicable To Common Shares is estimated to decrease to about 143.9 M.
Hype
Prediction
LowEstimatedHigh
79.9982.2384.47
Details
Intrinsic
Valuation
LowRealHigh
73.9388.9691.20
Details
Naive
Forecast
LowNextHigh
80.9083.1485.38
Details
8 Analysts
Consensus
LowTargetHigh
94.64104.00115.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Selective Insurance. Your research has to be compared to or analyzed against Selective Insurance's peers to derive any actionable benefits. When done correctly, Selective Insurance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Selective Insurance. Note that many institutional investors and large investment bankers can move markets due to the volume of Selective assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Selective Insurance. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Selective Insurance's stock price in the short term.

Selective Insurance Earnings per Share Projection vs Actual

Actual Earning per Share of Selective Insurance refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Selective Insurance Group predict the company's earnings will be in the future. The higher the earnings per share of Selective Insurance, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Selective Insurance Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Selective Insurance, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Selective Insurance should always be considered in relation to other companies to make a more educated investment decision.

Selective Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Selective Insurance's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-01-29
2024-12-312.011.62-0.3919 
2024-10-21
2024-09-301.651.4-0.2515 
2024-07-18
2024-06-301.49-1.1-2.59173 
2024-05-02
2024-03-311.861.33-0.5328 
2024-01-31
2023-12-311.941.940.0
2023-11-01
2023-09-301.581.51-0.07
2023-08-02
2023-06-300.990.990.0
2023-05-03
2023-03-311.591.44-0.15
2023-02-02
2022-12-311.461.460.0
2022-11-02
2022-09-301.170.99-0.1815 
2022-08-03
2022-06-301.231.17-0.06
2022-05-04
2022-03-311.471.41-0.06
2022-02-03
2021-12-311.411.560.1510 
2021-10-27
2021-09-301.011.180.1716 
2021-07-28
2021-06-301.251.850.648 
2021-04-28
2021-03-311.041.70.6663 
2021-01-28
2020-12-311.21.840.6453 
2020-10-28
2020-09-301.031.060.03
2020-07-29
2020-06-300.360.40.0411 
2020-05-05
2020-03-311.020.84-0.1817 
2020-01-30
2019-12-311.091.370.2825 
2019-10-30
2019-09-301.060.97-0.09
2019-07-31
2019-06-301.061.160.1
2019-05-01
2019-03-310.930.9-0.03
2019-01-31
2018-12-310.911.20.2931 
2018-10-25
2018-09-300.890.990.111 
2018-08-01
2018-06-300.881.010.1314 
2018-05-02
2018-03-310.540.46-0.0814 
2018-02-01
2017-12-310.820.860.04
2017-10-25
2017-09-300.620.720.116 
2017-07-26
2017-06-300.730.68-0.05
2017-04-26
2017-03-310.70.860.1622 
2017-02-02
2016-12-310.620.750.1320 
2016-10-26
2016-09-300.70.62-0.0811 
2016-07-27
2016-06-300.590.720.1322 
2016-05-04
2016-03-310.570.660.0915 
2016-02-04
2015-12-310.690.810.1217 
2015-10-28
2015-09-300.710.810.114 
2015-07-29
2015-06-300.590.620.03
2015-04-29
2015-03-310.450.480.03
2015-01-29
2014-12-310.640.720.0812 
2014-10-29
2014-09-300.520.760.2446 
2014-07-30
2014-06-300.480.46-0.02
2014-04-23
2014-03-310.170.230.0635 
2014-01-30
2013-12-310.440.450.01
2013-10-30
2013-09-300.430.42-0.01
2013-07-31
2013-06-300.330.420.0927 
2013-04-24
2013-03-310.380.36-0.02
2013-01-31
2012-12-31-0.14-0.040.171 
2012-10-24
2012-09-300.330.340.01
2012-07-25
2012-06-300.010.010.0
2012-04-25
2012-03-310.360.28-0.0822 
2012-02-02
2011-12-310.30.330.0310 
2011-10-26
2011-09-30-0.32-0.34-0.02
2011-07-27
2011-06-300.030.01-0.0266 
2011-04-27
2011-03-310.270.320.0518 
2011-02-02
2010-12-310.380.480.126 
2010-10-27
2010-09-300.380.35-0.03
2010-07-28
2010-06-300.380.410.03
2010-04-28
2010-03-310.090.120.0333 
2010-02-03
2009-12-310.370.470.127 
2009-10-28
2009-09-300.360.440.0822 
2009-07-29
2009-06-300.220.430.2195 
2009-04-29
2009-03-310.020.050.03150 
2009-01-28
2008-12-310.480.1-0.3879 
2008-10-30
2008-09-300.450.450.0
2008-07-31
2008-06-300.510.520.01
2008-04-24
2008-03-310.50.36-0.1428 
2008-02-04
2007-12-310.560.60.04
2007-10-25
2007-09-300.540.630.0916 
2007-07-26
2007-06-300.490.490.0
2007-04-24
2007-03-310.560.5-0.0610 
2007-01-30
2006-12-310.60.620.02
2006-10-24
2006-09-300.560.590.03
2006-07-25
2006-06-300.560.53-0.03
2006-04-25
2006-03-310.530.560.03
2006-01-31
2005-12-310.530.630.118 
2005-10-25
2005-09-300.460.580.1226 
2005-07-26
2005-06-300.490.510.02
2005-04-26
2005-03-310.450.520.0715 
2005-02-01
2004-12-310.440.520.0818 
2004-10-26
2004-09-300.380.440.0615 
2004-07-27
2004-06-300.40.460.0615 
2004-04-27
2004-03-310.350.390.0411 
2004-02-03
2003-12-310.350.380.03
2003-11-04
2003-09-300.250.260.01
2003-08-05
2003-06-300.270.320.0518 
2003-05-06
2003-03-310.110.1-0.01
2003-02-05
2002-12-310.210.210.0
2002-11-06
2002-09-300.190.190.0
2002-08-07
2002-06-300.160.160.0
2002-05-08
2002-03-310.160.20.0425 
2002-02-06
2001-12-310.160.11-0.0531 
2001-11-07
2001-09-300.010.010.0
2001-08-08
2001-06-300.170.15-0.0211 
2001-05-04
2001-03-310.160.15-0.01
2001-02-06
2000-12-310.140.12-0.0214 
2000-11-08
2000-09-300.230.11-0.1252 
2000-08-09
2000-06-300.080.06-0.0225 
2000-05-05
2000-03-310.190.18-0.01
2000-02-04
1999-12-310.20.18-0.0210 
1999-11-02
1999-09-300.050.050.0
1999-08-04
1999-06-300.220.220.0
1999-05-07
1999-03-310.150.250.166 
1999-02-02
1998-12-310.250.2-0.0520 
1998-11-12
1998-09-300.250.23-0.02
1998-07-28
1998-06-300.260.22-0.0415 
1998-05-01
1998-03-310.270.24-0.0311 
1998-03-11
1997-12-310.280.280.0
1997-10-28
1997-09-300.250.270.02
1997-08-05
1997-06-300.270.280.01
1997-05-02
1997-03-310.240.270.0312 
1997-01-27
1996-12-310.240.320.0833 
1996-10-29
1996-09-300.20.210.01
1996-07-29
1996-06-300.240.260.02
1996-05-03
1996-03-310.120.140.0216 
1996-02-11
1995-12-310.220.240.02
1995-10-30
1995-09-300.220.230.01

Selective Insurance Corporate Management

John BresneyExecutive OfficerProfile
Brad WilsonSenior TreasurerProfile
Joseph CFAExecutive OfficerProfile
Brenda HallExecutive LinesProfile
Rohit MullChief VPProfile
Rohan PaiVP TreasurerProfile
When determining whether Selective Insurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Selective Insurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Selective Insurance Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Selective Insurance Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Selective Insurance. If investors know Selective will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Selective Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.035
Earnings Share
3.72
Revenue Per Share
77.534
Quarterly Revenue Growth
0.151
Return On Assets
0.0163
The market value of Selective Insurance is measured differently than its book value, which is the value of Selective that is recorded on the company's balance sheet. Investors also form their own opinion of Selective Insurance's value that differs from its market value or its book value, called intrinsic value, which is Selective Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Selective Insurance's market value can be influenced by many factors that don't directly affect Selective Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Selective Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Selective Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Selective Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.