Selective Insurance Group, Inc. (SIGI) Forms $61.45 Double Top; 5 Analysts Bullish Corning (GLW)

Corning Incorporated (NYSE:GLW) Logo

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 46 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was initiated by Guggenheim with “Buy” on Wednesday, January 4. The stock of Corning Incorporated (NYSE:GLW) has “Buy” rating given on Friday, August 26 by Citigroup. The firm has “Hold” rating given on Tuesday, January 26 by Drexel Hamilton. Citigroup maintained the shares of GLW in report on Wednesday, October 25 with “Neutral” rating. The firm earned “Hold” rating on Thursday, April 13 by Stifel Nicolaus. The rating was maintained by Susquehanna with “Buy” on Friday, July 14. The stock of Corning Incorporated (NYSE:GLW) earned “Buy” rating by Deutsche Bank on Wednesday, October 25. The rating was downgraded by Goldman Sachs on Tuesday, March 14 to “Neutral”. The stock has “Hold” rating by Jefferies on Wednesday, October 4. On Tuesday, October 24 the stock rating was maintained by Guggenheim with “Buy”. See Corning Incorporated (NYSE:GLW) latest ratings:

09/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $35 New Target: $32 Maintain
25/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $33 New Target: $35 Maintain
10/01/2018 Broker: Barclays Capital Rating: Buy New Target: $38.0
12/12/2017 Broker: Guggenheim Rating: Buy New Target: $35.0 Maintain
25/10/2017 Broker: Citigroup Rating: Neutral Old Target: $30 New Target: $32 Maintain
25/10/2017 Broker: Deutsche Bank Rating: Buy Old Target: $33 New Target: $35 Maintain

Selective Insurance Group, Inc. (SIGI) formed double top with $64.52 target or 5.00% above today’s $61.45 share price. Selective Insurance Group, Inc. (SIGI) has $3.61B valuation. The stock increased 1.15% or $0.7 during the last trading session, reaching $61.45. About 86,612 shares traded. Selective Insurance Group, Inc. (NASDAQ:SIGI) has risen 26.95% since April 24, 2017 and is uptrending. It has outperformed by 15.40% the S&P500.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $23.35 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It currently has negative earnings. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

The stock decreased 0.18% or $0.05 during the last trading session, reaching $27.5. About 7.64M shares traded or 0.52% up from the average. Corning Incorporated (NYSE:GLW) has risen 1.20% since April 24, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Investors sentiment increased to 0.84 in 2017 Q4. Its up 0.09, from 0.75 in 2017Q3. It increased, as 41 investors sold Corning Incorporated shares while 340 reduced holdings. 86 funds opened positions while 234 raised stakes. 598.30 million shares or 2.01% less from 610.60 million shares in 2017Q3 were reported. Cutter And Brokerage reported 0.18% in Corning Incorporated (NYSE:GLW). Bessemer owns 21,500 shares. Cna Finance Corporation reported 29,780 shares. Advisors Asset Mgmt Incorporated invested in 238,694 shares or 0.13% of the stock. Amundi Pioneer Asset invested in 0.01% or 299,496 shares. Robeco Institutional Asset Management Bv has 0.19% invested in Corning Incorporated (NYSE:GLW). Barrett Asset Mngmt Ltd Company invested in 0% or 240 shares. Community Service Gru Ltd Liability Co reported 239,888 shares stake. Point72 Asia (Hong Kong) holds 3.06% of its portfolio in Corning Incorporated (NYSE:GLW) for 125,000 shares. Illinois-based Ubs Asset Management Americas has invested 0.1% in Corning Incorporated (NYSE:GLW). 2.75M are owned by Sumitomo Mitsui Tru. Amer Insurance Tx has invested 0.32% in Corning Incorporated (NYSE:GLW). Utah Retirement has 0.11% invested in Corning Incorporated (NYSE:GLW) for 159,154 shares. Howe Rusling reported 8,944 shares. Lord Abbett Communication Limited Liability accumulated 2.83 million shares.

Since October 25, 2017, it had 1 buying transaction, and 3 selling transactions for $7.02 million activity. The insider RIEMAN DEBORAH sold 2,083 shares worth $66,979. 248,857 shares were sold by WEEKS WENDELL P, worth $7.81 million. Pambianchi Christine M sold $29,895 worth of Corning Incorporated (NYSE:GLW) on Monday, March 12. Musser Eric S sold 29,949 shares worth $945,178. The insider CANNING JOHN A JR bought $887,931. The insider TOOKES HANSEL E II sold 6,513 shares worth $205,778.

Analysts await Selective Insurance Group, Inc. (NASDAQ:SIGI) to report earnings on May, 2 after the close. They expect $0.44 EPS, down 48.84% or $0.42 from last year’s $0.86 per share. SIGI’s profit will be $25.85M for 34.91 P/E if the $0.44 EPS becomes a reality. After $0.86 actual EPS reported by Selective Insurance Group, Inc. for the previous quarter, Wall Street now forecasts -48.84% negative EPS growth.

Among 5 analysts covering Selective Insurance (NASDAQ:SIGI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Selective Insurance has $62.0 highest and $34 lowest target. $55.13’s average target is -10.28% below currents $61.45 stock price. Selective Insurance had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Monday, July 10. On Monday, January 23 the stock rating was initiated by Sandler O’Neill with “Hold”. Keefe Bruyette & Woods maintained Selective Insurance Group, Inc. (NASDAQ:SIGI) rating on Wednesday, September 20. Keefe Bruyette & Woods has “Hold” rating and $48.0 target. The rating was maintained by RBC Capital Markets with “Hold” on Friday, December 8. RBC Capital Markets maintained the shares of SIGI in report on Friday, July 31 with “Outperform” rating. The stock of Selective Insurance Group, Inc. (NASDAQ:SIGI) has “Hold” rating given on Friday, October 27 by Keefe Bruyette & Woods. The stock of Selective Insurance Group, Inc. (NASDAQ:SIGI) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 15. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Hold”. Sandler O’Neill maintained it with “Hold” rating and $6100 target in Friday, April 6 report. The stock of Selective Insurance Group, Inc. (NASDAQ:SIGI) earned “Hold” rating by Keefe Bruyette & Woods on Monday, December 4.

Selective Insurance Group, Inc. (NASDAQ:SIGI) Institutional Positions Chart