Selective Insurance Group (NASDAQ:SIGI)
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The Company through its subsidiaries, offers property and casualty insurance products and diversified insurance products.
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The Company through its subsidiaries, offers property and casualty insurance products and diversified insurance products.
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It has been a slow and rough time for insurance providers, and though SIGI insurance is no different, its recent 13% drop in share price is. That was due to several things stemming from management and not so much from real world events. This company took a one time restructuring charge in February, along with higher short term cash positions to hedge against the financial markets volatility. As i see it, this company is taking all the necessary steps to not only safeguard its investments, but also to improve its infrastructure. If thats worth a 13% drop, then im in now on the cheap and ready for clear sailing ahead.