Selective Insurance Group (NASDAQ:SIGI) Posts Earnings Results, Beats Expectations By $0.29 EPS

Selective Insurance Group (NASDAQ:SIGI) announced its quarterly earnings results on Thursday. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29, FiscalAI reports. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $1.31 earnings per share.

Selective Insurance Group Stock Up 1.8%

Shares of SIGI stock opened at $97.79 on Friday. Selective Insurance Group has a 12 month low of $71.75 and a 12 month high of $100.40. The stock has a market cap of $5.85 billion, a P/E ratio of 13.38 and a beta of 0.29. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $92.95 and a two-hundred day simple moving average of $85.80.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 17th. Selective Insurance Group’s payout ratio is 23.53%.

Key Headlines Impacting Selective Insurance Group

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

• Positive Sentiment: Selective Insurance beat Q2 profit expectations, reporting $1.95 per share versus consensus estimates around $1.66 to $1.72, a sign of stronger-than-expected underwriting and operating performance. Article Title
• Positive Sentiment: The company also announced a quarterly dividend of $0.43 per share, reinforcing its shareholder-return profile and supporting investor sentiment. Article Title
• Neutral Sentiment: Revenue came in at $1.22 billion, below analyst expectations of about $1.30 billion, which offsets some of the earnings beat and suggests top-line growth was not as strong as hoped. Article Title
• Negative Sentiment: Recent analyst actions were mixed to slightly negative, with Zacks Research trimming some near-term and FY2026 earnings estimates, which may have limited enthusiasm despite the earnings beat. Article Title

Institutional Investors Weigh In On Selective Insurance Group

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Selective Insurance Group in the 4th quarter worth $306,000. Mercer Global Advisors Inc. ADV lifted its position in Selective Insurance Group by 117.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,171 shares of the insurance provider’s stock valued at $1,102,000 after purchasing an additional 7,112 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Selective Insurance Group during the fourth quarter valued at $277,000. EP Wealth Advisors LLC bought a new stake in Selective Insurance Group during the fourth quarter valued at about $500,000. Finally, Empowered Funds LLC bought a new stake in Selective Insurance Group during the fourth quarter valued at about $180,000. Institutional investors own 82.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SIGI. Morgan Stanley increased their price objective on shares of Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Oppenheimer boosted their target price on shares of Selective Insurance Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Royal Bank Of Canada increased their price target on Selective Insurance Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Weiss Ratings upgraded Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Piper Sandler lifted their price objective on Selective Insurance Group from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Selective Insurance Group has an average rating of “Hold” and an average target price of $99.33.

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.