Zacks Research Issues Negative Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research cut their Q2 2026 EPS estimates for shares of Selective Insurance Group in a report released on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings per share of $1.91 for the quarter, down from their previous forecast of $2.29. The consensus estimate for Selective Insurance Group’s current full-year earnings is $3.63 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2026 earnings at $8.87 EPS.

Several other research firms also recently issued reports on SIGI. Bank of America upped their price objective on Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Piper Sandler cut their price target on Selective Insurance Group from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $95.00 to $105.00 in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and cut their target price for the company from $104.00 to $99.00 in a research report on Monday, July 22nd. Finally, JMP Securities reiterated a “market perform” rating on shares of Selective Insurance Group in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.67.

Selective Insurance Group Trading Down 1.4 %

Shares of NASDAQ SIGI opened at $99.84 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17. The company has a market cap of $6.07 billion, a PE ratio of 26.91 and a beta of 0.57. The company has a 50-day moving average of $93.08 and a two-hundred day moving average of $92.86. Selective Insurance Group has a 1-year low of $81.00 and a 1-year high of $109.58.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Monday, October 21st. The insurance provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29). Selective Insurance Group had a return on equity of 8.11% and a net margin of 5.01%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis.

Selective Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 15th. Selective Insurance Group’s dividend payout ratio (DPR) is currently 37.74%.

Insider Activity

In other Selective Insurance Group news, CAO Anthony D. Harnett sold 1,404 shares of Selective Insurance Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $92.61, for a total transaction of $130,024.44. Following the transaction, the chief accounting officer now directly owns 15,946 shares in the company, valued at approximately $1,476,759.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Selective Insurance Group

A number of large investors have recently added to or reduced their stakes in SIGI. V Square Quantitative Management LLC acquired a new position in shares of Selective Insurance Group during the third quarter worth about $27,000. Quest Partners LLC acquired a new position in Selective Insurance Group during the 2nd quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in shares of Selective Insurance Group by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 323 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 145 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Selective Insurance Group in the second quarter valued at approximately $44,000. Finally, Lazard Asset Management LLC lifted its position in shares of Selective Insurance Group by 245.9% in the first quarter. Lazard Asset Management LLC now owns 1,228 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 873 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

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.