Zacks Research Issues Positive Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities research analysts at Zacks Research upped their Q4 2026 earnings per share estimates for shares of Selective Insurance Group in a research report issued on Thursday, August 13th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $2.59 for the quarter, up from their prior 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.

SIGI has been the subject of a number of other reports. Piper Sandler raised their target price on shares of Selective Insurance Group from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings raised Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Morgan Stanley boosted their price objective on Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Royal Bank Of Canada lifted their target price on shares of Selective Insurance Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, BMO Capital Markets cut shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 price objective on the stock. in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Selective Insurance Group presently has an average rating of “Hold” and a consensus price target of $100.33.

Selective Insurance Group Stock Performance

NASDAQ:SIGI opened at $93.89 on Friday. The company has a 50-day moving average of $95.04 and a 200-day moving average of $87.10. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 11.65 and a beta of 0.30. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a twelve month low of $72.78 and a twelve month high of $100.40.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share.

Institutional Investors Weigh In On Selective Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIGI. BlackRock Inc. acquired a new stake in shares of Selective Insurance Group in the second quarter worth $754,557,000. AQR Capital Management LLC lifted its position in shares of Selective Insurance Group by 56.3% during the 4th quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock worth $339,662,000 after purchasing an additional 1,462,838 shares during the last quarter. Norges Bank bought a new stake in Selective Insurance Group in the fourth quarter valued at about $65,625,000. First Trust Advisors LP raised its position in Selective Insurance Group by 239.1% in the fourth quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider’s stock worth $86,726,000 after purchasing an additional 730,890 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Selective Insurance Group during the second quarter worth about $47,482,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael H. Lanza sold 17,100 shares of the company’s stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.82% of the company’s stock.

Selective Insurance Group Announces Dividend

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

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.