SIGI Stock Rises 5.2% in 6 Months but Lags Industry: What's Next?

Shares of Selective Insurance Group, Inc. (SIGI) have gained 5.2% in six months, underperforming the industry, the Finance sector and the S&P 500 composite’s return of 12.3%, 8.8% and 10.8%, respectively.Image Source: Zacks Investment ResearchWith a market capitalization of $5.88 billion, the average volume of shares traded in the last three months was 0.3 million.Selective Insurance has been grappling with higher expenses over the years, primarily due to increasing loss and loss expenses incurred and amort ...