Selective Insurance: Bollinger Bands Expand Upward, KDJ Golden Cross on 15-Min Chart

Based on the 15-minute chart for Selective Insurance, the Bollinger Bands are expanding upward, indicating that the market trend is being driven by buyers and the momentum of the stock price is shifting towards the upside. Furthermore, the KDJ Golden Cross, which is expected to occur on September 11, 2025 at 11:00, suggests that the stock price has the potential to further increase.

Selective Insurance Group, Inc. (NASDAQ: SIGI) has seen a surge in institutional investor interest and insider buying, with several key players boosting their stakes in the company. Millennium Management LLC, for instance, increased its holdings by 58.7% in the first quarter, owning about 0.78% of SIGI worth $43.51 million as of its latest filing Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1]. Other notable investors, such as Ameriprise Financial Inc., Captrust Financial Advisors, Deutsche Bank AG, D. E. Shaw & Co. Inc., and Focus Partners Wealth, have also increased their positions in SIGI.

In addition to institutional investors, insiders have been active buyers. Director Terrence W. Cavanaugh purchased 2,000 shares, and Director Thomas A. McCarthy bought 2,500 shares, both within the last quarter. These purchases represent an 8.59% and 15.39% increase in their respective positions Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Technical indicators also suggest a bullish trend for SIGI. The Bollinger Bands are expanding upward, indicating that the market trend is being driven by buyers and the momentum of the stock price is shifting towards the upside. Furthermore, the KDJ Golden Cross, expected to occur on September 11, 2025, at 11:00, suggests that the stock price has the potential to further increase .

Despite the bullish signals, SIGI's latest earnings report showed a missed EPS estimate, with the company reporting $1.31 compared to the expected $1.55. However, the company's revenue of $1.29 billion still met analysts' expectations of $1.32 billion. SIGI's return on equity was 12.61%, and its net margin was 7.50%, indicating strong financial health Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Analyst ratings for SIGI are mixed, with an average rating of "Reduce" and a consensus target price of $87.33. Morgan Stanley lowered its rating to "underweight," while Wall Street Zen raised its rating to "buy." BMO Capital Markets and Piper Sandler have set target prices at $88.00 and $79.00, respectively Selective Insurance Group, Inc. $SIGI Shares Bought by Millennium Management LLC^[1].

Given the technical indicators, insider buying, and institutional investor interest, SIGI appears to be a stock worth monitoring for investors seeking potential upside. However, investors should also consider the company's recent earnings miss and the mixed analyst ratings before making a decision.

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