Zacks Research Issues Pessimistic Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Analysts at Zacks Research lowered their Q1 2027 EPS estimates for shares of Selective Insurance Group in a research note issued on Tuesday, June 23rd. Zacks Research analyst Team now expects that the insurance provider will earn $2.05 per share for the quarter, down from their prior estimate of $2.06. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q4 2027 earnings at $2.58 EPS and Q1 2028 earnings at $2.69 EPS.

Several other equities research analysts have also weighed in on SIGI. Oppenheimer upped their price objective on Selective Insurance Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $84.00 to $97.00 in a research note on Thursday, May 7th. Piper Sandler boosted their target price on shares of Selective Insurance Group from $82.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods increased their target price on shares of Selective Insurance Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Selective Insurance Group in a research report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.67.

Selective Insurance Group Stock Performance

NASDAQ:SIGI opened at $95.39 on Thursday. The firm has a market capitalization of $5.71 billion, a PE ratio of 13.05 and a beta of 0.32. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.27. Selective Insurance Group has a 12-month low of $71.75 and a 12-month high of $96.00. The firm has a 50-day moving average price of $87.16 and a 200 day moving average price of $83.70.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.12). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. Selective Insurance Group’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, May 15th. Selective Insurance Group’s dividend payout ratio is presently 23.53%.

Institutional Trading of Selective Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of SIGI. Eurizon Capital SGR S.p.A. acquired a new position in Selective Insurance Group during the 4th quarter worth $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Selective Insurance Group during the fourth quarter worth $25,000. True Wealth Design LLC raised its position in shares of Selective Insurance Group by 45.9% during the fourth quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Amundi lifted its stake in shares of Selective Insurance Group by 398.7% during the first quarter. Amundi now owns 389 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 311 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Selective Insurance Group by 38.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 555 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.