Selective Insurance Group, Inc. $SIGI Shares Sold by Vest Financial LLC

Vest Financial LLC trimmed its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 22.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,949 shares of the insurance provider’s stock after selling 20,068 shares during the period. Vest Financial LLC’s holdings in Selective Insurance Group were worth $5,764,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in shares of Selective Insurance Group in the 2nd quarter valued at $5,408,000. Bank of America Corp DE purchased a new position in Selective Insurance Group during the 2nd quarter valued at about $63,423,000. Legal & General Group Plc purchased a new position in Selective Insurance Group during the 2nd quarter valued at about $8,349,000. The Manufacturers Life Insurance Company purchased a new position in Selective Insurance Group during the 2nd quarter valued at about $5,496,000. Finally, Wellington Management Group LLP acquired a new position in Selective Insurance Group in the 2nd quarter valued at about $77,149,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Selective Insurance Group

In related news, EVP Michael Lanza sold 17,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the sale, the executive vice president directly owned 16,565 shares in the company, valued at approximately $1,557,772.60. This represents a 50.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Trending Headlines about Selective Insurance Group

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Third-quarter adjusted earnings were $2.37 per share, exceeding the $1.91 consensus estimate and rising from $1.75 a year earlier. Total revenue of approximately $1.33 billion also exceeded the cited analyst estimate of $1.17 billion. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: After-tax net investment income increased 16% year over year to $127.3 million, supporting quarterly net income of $126.4 million, up 12% from the prior year. Selective Reports Q3 Net Income
• Positive Sentiment: Management raised its after-tax net investment income outlook to $490 million for 2026 and maintained a favorable full-year GAAP combined-ratio outlook of 96.5% to 97.5%. Selective 2026 Outlook
• Positive Sentiment: The board increased the quarterly dividend 11.6% to $0.48 per share and authorized a new $200 million share-repurchase program, signaling confidence in cash generation and potentially supporting per-share value.
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change is unlikely to materially affect the stock immediately. Selective Leadership Appointment
• Negative Sentiment: Net premiums written declined 7% year over year and total revenue fell 2%, highlighting slower underlying premium growth despite the earnings beat and stronger investment results.

Selective Insurance Group Trading Up 5.3%

SIGI opened at $96.61 on Friday. Selective Insurance Group, Inc. has a 12 month low of $72.78 and a 12 month high of $101.25. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.61 and a beta of 0.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average price of $88.87 and a 200 day moving average price of $89.81.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, October 22nd. The insurance provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.46. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.17 billion. Selective Insurance Group had a return on equity of 15.40% and a net margin of 9.40%. During the same quarter in the prior year, the business earned $1.85 EPS. Sell-side analysts expect that Selective Insurance Group, Inc. will post 8.20 earnings per share for the current fiscal year.

Selective Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.48 per share. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. Selective Insurance Group’s dividend payout ratio is presently 21.34%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Piper Sandler lowered their price objective on shares of Selective Insurance Group from $105.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. BMO Capital Markets restated a “market perform” rating on shares of Selective Insurance Group in a report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 target price on shares of Selective Insurance Group in a research note on Tuesday, October 13th. Finally, Morgan Stanley upped their target price on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.00.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.