What is Zacks Research’s Estimate for SIGI Q4 Earnings?

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Investment analysts at Zacks Research decreased their Q4 2027 EPS estimates for Selective Insurance Group in a research note issued to investors on Thursday, October 8th. Zacks Research analyst Team now forecasts that the insurance provider will earn $2.76 per share for the quarter, down from their prior estimate of $2.79. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.12 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q1 2028 earnings at $2.53 EPS, Q2 2028 earnings at $2.49 EPS and FY2028 earnings at $9.12 EPS.

SIGI has been the subject of several other research reports. Royal Bank Of Canada upped their price target on Selective Insurance Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. BMO Capital Markets downgraded 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 note on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their target price on Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Weiss Ratings cut Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Piper Sandler decreased their target price on Selective Insurance Group from $105.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, September 28th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $99.33.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGI opened at $84.92 on Tuesday. Selective Insurance Group has a fifty-two week low of $72.78 and a fifty-two week high of $100.40. The business has a 50-day moving average of $89.91 and a two-hundred day moving average of $89.02. The stock has a market capitalization of $5.06 billion, a P/E ratio of 10.54 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.

Selective Insurance Group (NASDAQ:SIGI) last posted 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 net margin of 9.10% and a return on equity of 14.51%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $1.31 earnings per share.

Institutional Investors Weigh In On Selective Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Selective Insurance Group during the second quarter valued at about $754,557,000. First Trust Advisors LP boosted its stake in Selective Insurance Group by 33.3% during the first quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider’s stock worth $104,179,000 after buying an additional 345,348 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Selective Insurance Group by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,359,224 shares of the insurance provider’s stock worth $102,473,000 after buying an additional 44,532 shares in the last quarter. Wellington Management Group LLP bought a new stake in Selective Insurance Group in the 2nd quarter valued at $77,149,000. Finally, Bank of America Corp DE increased its holdings in Selective Insurance Group by 2.5% in the 1st quarter. Bank of America Corp DE now owns 759,122 shares of the insurance provider’s stock valued at $57,230,000 after buying an additional 18,675 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Selective Insurance Group news, EVP Michael Lanza sold 17,100 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 16,565 shares of the company’s stock, valued at $1,557,772.60. The trade was a 50.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by company insiders.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, August 17th. Selective Insurance Group’s dividend payout ratio (DPR) is 21.34%.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates primarily in the United States.

Selective offers commercial insurance products for businesses, including property, general liability, commercial automobile, workers’ compensation and related coverage. Its personal insurance business provides products such as homeowners, renters and automobile insurance.