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Selective Insurance Group Reaches Analyst Target Price

In recent trading, shares of Selective Insurance Group Inc (SIGI) have crossed above the average analyst 12-month target price of $105.71, changing hands for $107.42/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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Selective Insurance Group, Inc. (SIGI)