Zacks Research Issues Negative Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for shares of Selective Insurance Group in a note issued to investors on Tuesday, September 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $1.94 for the quarter, down from their prior forecast of $1.95. 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 Q3 2027 earnings at $1.94 EPS, FY2027 earnings at $8.72 EPS, Q1 2028 earnings at $2.42 EPS, Q2 2028 earnings at $2.45 EPS and FY2028 earnings at $9.01 EPS.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly 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. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.30 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. During the same quarter in the previous year, the firm earned $1.31 EPS.

Other research analysts have also issued reports about the stock. Oppenheimer raised their price target 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. BMO Capital Markets lowered Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 price objective for the company. in a research note on Tuesday, July 28th. Morgan Stanley increased their target price on Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their target price on Selective Insurance Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $100.33.

Selective Insurance Group Stock Down 1.4%

Shares of NASDAQ SIGI opened at $90.90 on Wednesday. The company’s 50-day simple moving average is $94.69 and its 200-day simple moving average is $87.83. Selective Insurance Group has a 52-week low of $72.78 and a 52-week high of $100.40. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 11.28 and a beta of 0.29. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.26.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.43 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.72 dividend on an annualized basis and a yield of 1.9%. Selective Insurance Group’s dividend payout ratio is presently 21.34%.

Insiders Place Their Bets

In other Selective Insurance Group news, EVP Michael Lanza sold 17,100 shares of the firm’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 value of $1,608,084.00. Following the transaction, the executive vice president directly owned 16,565 shares of the company’s stock, valued at $1,557,772.60. This trade represents a 50.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Selective Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. purchased a new stake in Selective Insurance Group in the 4th quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of Selective Insurance Group in the 4th quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Selective Insurance Group during the 2nd quarter worth $26,000. Amundi raised its holdings in shares of Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 311 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Selective Insurance Group by 177.5% during the 4th quarter. IFP Advisors Inc now owns 591 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

About Selective Insurance Group

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.