Selective Insurance's 15min chart triggers Bollinger Bands Expanding Upward, Bullish Marubozu signal

Selective Insurance's 15-minute chart has exhibited an upward trend in Bollinger Bands, coupled with a Bullish Marubozu at 09/17/2025 11:00. This indicates that market momentum is being driven by buyers, who are exerting control over market dynamics. As a result, bullish sentiment is likely to persist in the near term.

Selective Insurance Group (SIGI) has shown signs of bullish momentum, as evidenced by its 15-minute chart exhibiting an upward trend in Bollinger Bands and a Bullish Marubozu candle at 09/17/2025 11:00. This technical indicator suggests that market dynamics are being driven by buyers, indicating a likely persistence of bullish sentiment in the near term Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Institutional investors have been actively engaging with SIGI's stock. Millennium Management LLC boosted its holdings by 58.7% in the first quarter, owning approximately 0.78% of SIGI worth $43.51 million as of its latest filing with the SEC Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1]. Other notable institutional investors include Ameriprise Financial Inc., Captrust Financial Advisors, Deutsche Bank AG, D. E. Shaw & Co. Inc., and Focus Partners Wealth, which have also increased their stakes in SIGI during the fourth quarter Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Despite these positive developments, SIGI's recent earnings report showed a missed EPS estimate, reporting $1.31 compared to the expected $1.55, along with a revenue of $1.29 billion Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1]. The company's return on equity was 12.61%, and its net margin was 7.50%, indicating strong financial performance despite the earnings miss Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Analyst ratings have been mixed, with Morgan Stanley lowering its rating to "underweight" and lowering its target price to $72.00, while Wall Street Zen raised its rating to "buy" Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1]. The overall consensus rating is "reduce" with a target price of $87.33 Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Insider transactions also reflect confidence in SIGI. Director Terrence W. Cavanaugh and Thomas A. McCarthy both purchased additional shares of the company's stock in July 2025 Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1]. Insiders own approximately 1.00% of the company's stock Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

The company's quarterly dividend of $0.38 per share, paid on September 2, 2025, represents an annualized dividend of $1.52 and a dividend yield of 1.9% Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

In conclusion, while SIGI's earnings report showed a missed EPS estimate, the stock's technical indicators and institutional investor activity suggest a bullish outlook in the near term. Investors should closely monitor SIGI's earnings reports and analyst ratings for further insights.