Zacks Research Brokers Lower Earnings Estimates for SIGI

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Research analysts at Zacks Research dropped their Q4 2026 earnings per share (EPS) estimates for Selective Insurance Group in a report issued on Thursday, November 12th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $2.43 per share for the quarter, down from their prior forecast of $2.58. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.44 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q1 2027 earnings at $2.11 EPS, Q2 2027 earnings at $1.89 EPS and FY2028 earnings at $9.41 EPS.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 EPS for the quarter, beating the consensus estimate of $1.91 by $0.46. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.17 billion. Selective Insurance Group had a return on equity of 15.60% and a net margin of 9.40%. During the same period in the prior year, the company earned $1.85 earnings per share.

A number of other research analysts have also issued reports on the company. Wall Street Zen lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research report on Wednesday, October 21st. 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 note on Monday, July 27th. Piper Sandler lowered their price target on shares of 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. Finally, Oppenheimer reissued an “outperform” rating and set a $115.00 target price on shares of Selective Insurance Group in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of “Hold” and an average target price of $101.83.

Selective Insurance Group Trading Up 0.3%

Shares of NASDAQ SIGI opened at $103.36 on Friday. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 12.01 and a beta of 0.22. Selective Insurance Group has a 12-month low of $72.78 and a 12-month high of $105.65. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $91.37 and its 200 day simple moving average is $88.47.

Selective Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.43. Selective Insurance Group’s dividend payout ratio is 20.67%.

Insider Activity at Selective Insurance Group

In other news, Director Cynthia Nicholson sold 3,691 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $98.71, for a total value of $364,338.61. Following the completion of the sale, the director directly owned 17,463 shares of the company’s stock, valued at approximately $1,723,772.73. This represents a 17.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Selective Insurance Group during the second quarter worth approximately $26,000. Heritage Family Offices LLP bought a new position in Selective Insurance Group during the 3rd quarter valued at $36,000. Parallel Advisors LLC boosted its stake in Selective Insurance Group by 27.4% during the 3rd quarter. Parallel Advisors LLC now owns 576 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 124 shares in the last quarter. IFP Advisors Inc boosted its stake in Selective Insurance Group by 51.3% during the 3rd quarter. IFP Advisors Inc now owns 596 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 202 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in shares of Selective Insurance Group during the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 82.88% of the company’s stock.

About Selective Insurance Group

Selective Insurance Group, Inc. is a property and casualty insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides insurance and related services to businesses and individuals through a network of independent agents. Its offerings include commercial property, general liability, workers’ compensation and commercial auto coverage, as well as personal insurance such as homeowners and auto policies. Selective also provides excess and surplus lines coverage for risks that may not fit standard insurance markets, along with risk management and claims services.