Selective Insurance names Kalia investment chief as Selective Insurance Group stock costs EUR 75.50

Published on 10/07/2026 at 08:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept a Sell rating with an USD 80.00 target on October 6, 2026. Selective Insurance Group stock costs EUR 75.50 after EUR 75.25.

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Selective Insurance names Vaibhav Kalia chief investment officer as Selective Insurance Group stock costs EUR 75.50 at Lang & Schwarz on October 7, 2026 at 8:05 a.m. CEST. The quote was plus 0.33 percent versus the Lang & Schwarz prior close of EUR 75.25. According to Business Wire on October 6, 2026, Kalia became executive vice president and chief investment officer effective immediately after serving as interim investment chief since June.

Kalia takes control of investments

Kalia oversees Selective's investment portfolio and investment-related matters for employee benefit plans, chairs the Management Investment Committee and sets investment strategy. The appointment gives the insurer a permanent leader for a function that directly influences investment income alongside underwriting performance.

Business Wire reported that Kalia joined Selective in 2014 and most recently served as senior vice president, senior portfolio manager and head of fixed income. His responsibilities include balancing portfolio risk against projected return.

Second-quarter figures set the backdrop

Selective reported USD 1.39 billion of revenue in the second quarter of 2026, up 5.00 percent from the prior-year quarter. Diluted earnings per share reached USD 2.11, compared with USD 1.36 a year earlier, while net income rose to USD 129.39 million from USD 85.94 million, according to StockTitan in its summary of the quarter ended June 30, 2026. The same filing summary reported a 98.00 percent combined ratio, compared with 100.20 percent in the prior-year quarter, and 14.80 percent return on common equity versus 10.70 percent.

Analyst target stays below the euro quote

According to Markets Insider on October 6, 2026, Morgan Stanley analyst Bob Huang maintained a Sell rating and set an USD 80.00 price target. The same report cited an USD 101.00 consensus target, but that comparison uses a different currency from the Lang & Schwarz quote and is not converted here.

Finance-market data placed the Nasdaq context at USD 84.82 at 4:00 p.m. ET on October 6, 2026, against a USD 72.78 to USD 100.40 52-week range and a USD 5.1 billion market capitalization. Selective operates in financial services through property and casualty insurance activities, with commercial, personal, excess and surplus, and investment operations.

Pre-market quote remains measured

At EUR 75.50, the Lang & Schwarz quote was EUR 0.25 above its October 6, 2026 prior close of EUR 75.25 during the pre-market phase. The Nasdaq-listed stock's primary-market context was last at USD 84.82 on October 6, 2026 at 4:00 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Selective Insurance Group stock.