Zacks Research Issues Positive Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Research analysts at Zacks Research boosted their Q4 2026 EPS estimates for Selective Insurance Group in a research report issued on Thursday, August 13th. Zacks Research analyst Team now expects that the insurance provider will earn $2.59 per share for the quarter, up from their previous estimate of $2.58. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.05 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q2 2027 earnings at $1.95 EPS, Q3 2027 earnings at $1.95 EPS, Q4 2027 earnings at $2.79 EPS, FY2027 earnings at $8.74 EPS and Q2 2028 earnings at $2.46 EPS.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.66 by $0.29. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.31 EPS.

Other analysts have also issued reports about the company. Morgan Stanley raised their target price on Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Oppenheimer upped their price target on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods increased their price objective on shares of Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Selective Insurance Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of “Hold” and a consensus target price of $100.33.

Selective Insurance Group Price Performance

Selective Insurance Group stock opened at $93.89 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $5.59 billion, a P/E ratio of 11.65 and a beta of 0.30. The business’s fifty day moving average is $95.04 and its two-hundred day moving average is $87.10. Selective Insurance Group has a 52 week low of $72.78 and a 52 week high of $100.40.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, August 17th. This represents a $1.72 dividend on an annualized basis and a yield of 1.8%. Selective Insurance Group’s dividend payout ratio is presently 21.34%.

Insider Transactions at Selective Insurance Group

In other news, EVP Michael H. Lanza sold 17,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total value of $1,608,084.00. Following the transaction, the executive vice president owned 16,565 shares of the company’s stock, valued at approximately $1,557,772.60. This trade represents a 50.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On Selective Insurance Group

Several large investors have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. bought a new position in Selective Insurance Group in the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Selective Insurance Group during the 4th quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Selective Insurance Group during the 2nd quarter valued at $26,000. Amundi raised its position in shares of Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 311 shares during the last quarter. Finally, First Horizon Corp lifted its stake in shares of Selective Insurance Group by 52.8% in the 4th quarter. First Horizon Corp now owns 550 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 190 shares during the period. 82.88% of the stock is currently owned by institutional investors and hedge funds.

About Selective Insurance Group

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.