Zacks Research Issues Optimistic Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research lifted their Q4 2026 EPS estimates for Selective Insurance Group in a research report issued to clients and investors on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the insurance provider will earn $2.34 per share for the quarter, up from their previous estimate of $2.17. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2027 earnings at $8.71 EPS.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Selective Insurance Group in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on Selective Insurance Group from $72.00 to $73.00 and gave the company an “underweight” rating in a research report on Tuesday, October 7th. Piper Sandler cut their target price on shares of Selective Insurance Group from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. BMO Capital Markets lowered shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $81.00 target price on the stock. in a report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Selective Insurance Group from $84.00 to $82.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $78.75.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGI traded down $1.18 during midday trading on Friday, hitting $78.29. 86,308 shares of the stock were exchanged, compared to its average volume of 477,926. The stock has a market cap of $4.73 billion, a P/E ratio of 12.06 and a beta of 0.39. Selective Insurance Group has a twelve month low of $71.75 and a twelve month high of $103.56. The company has a 50 day moving average price of $79.42 and a 200-day moving average price of $82.60. The company has a current ratio of 0.32, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, October 22nd. The insurance provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.04. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Selective Insurance Group had a return on equity of 12.96% and a net margin of 7.78%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS.

Institutional Investors Weigh In On Selective Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of SIGI. First Horizon Corp purchased a new stake in shares of Selective Insurance Group during the 3rd quarter valued at about $29,000. Parallel Advisors LLC grew its position in Selective Insurance Group by 219.5% in the second quarter. Parallel Advisors LLC now owns 361 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 248 shares in the last quarter. Amundi raised 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 purchasing an additional 311 shares during the period. Brooklyn Investment Group acquired a new position in shares of Selective Insurance Group during the first quarter worth $38,000. Finally, Rothschild Investment LLC lifted its position in shares of Selective Insurance Group by 680.0% during the third quarter. Rothschild Investment LLC now owns 546 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, November 14th. Selective Insurance Group’s dividend payout ratio is presently 26.50%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.