Analysts Are Neutral on Top Financial Stocks: Selective Insurance Group (SIGI), Aon Plc (AON)


Analysts fell to the sidelines weighing in on Selective Insurance Group (SIGI), Aon Plc (AON) and Santander Consumer USA (SC) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Selective Insurance Group (SIGI)

Boenning & Scattergood analyst Robert Farnam maintained a Hold rating on Selective Insurance Group today. The company’s shares closed yesterday at $60.92.

According to TipRanks.com, Farnam is a 1-star analyst with an average return of -6.7% and a 27.0% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Hallmark Financial Services.

Currently, the analyst consensus on Selective Insurance Group is a Hold with an average price target of $62.

See today’s analyst top recommended stocks >>

Aon Plc (AON)

In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Aon Plc, with a price target of $160. The company’s shares closed yesterday at $156.23.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.3% and a 57.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Aon Plc has an analyst consensus of Moderate Buy, with a price target consensus of $171.50.

Santander Consumer USA (SC)

In a report released today, Dominick Gabriele from Oppenheimer maintained a Hold rating on Santander Consumer USA. The company’s shares closed yesterday at $19.06.

Gabriele observed:

“Santander Consumer USA reported “core” 4Q18 EPS of $0.26 vs. our/consensus’ $0.40/$0.38E. The weaker result came from lower than expected revenue, weaker efficiency ratio and higher provision. SC provided 1Q19/2019 full-year guidance, its first FY guide ever. Full-year guidance included net financing revenue and other income up mid-single digits, a similar efficiency ratio and an NCO rate of ~8.0% on a ~23% tax rate. There was no update to FCA talks although SC had some of the best penetration levels ever at 29% for the quarter with strong dealer floorplan growth. The EPS trajectory is fairly modest over 2019/20E, and the visibility of what SC’s business may look like in a year or two given FCA’s interest is limited. Thus, we remain on the sidelines.”

According to TipRanks.com, Gabriele is a 1-star analyst with an average return of -2.8% and a 39.1% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Capital One Financial.

Santander Consumer USA has an analyst consensus of Moderate Buy, with a price target consensus of $23.50.

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