Zacks Research Issues Optimistic Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities researchers at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Selective Insurance Group in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now anticipates that the insurance provider will earn $1.82 per share for the quarter, up from their prior forecast of $1.80. 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 FY2026 earnings at $8.05 EPS, Q1 2028 earnings at $2.43 EPS and FY2028 earnings at $9.02 EPS.

SIGI has been the topic of several other reports. Oppenheimer boosted their price objective on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. BMO Capital Markets downgraded shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a report on Tuesday, July 28th. Morgan Stanley lifted their target price on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on shares of Selective Insurance Group from $101.00 to $102.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Piper Sandler upped their price target on shares of Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.33.

Selective Insurance Group Stock Down 2.4%

Selective Insurance Group stock opened at $92.10 on Monday. Selective Insurance Group has a fifty-two week low of $72.78 and a fifty-two week high of $100.40. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.43 and a beta of 0.30. The stock’s fifty day moving average is $95.24 and its two-hundred day moving average is $87.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.29. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%.During the same period in the previous year, the firm posted $1.31 earnings per share.

Selective Insurance Group Announces Dividend

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

Insider Activity

In other Selective Insurance Group news, EVP Michael H. Lanza sold 17,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Selective Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Selective Insurance Group during the second quarter worth approximately $777,000. Corient Private Wealth LP acquired a new position in Selective Insurance Group in the 2nd quarter valued at $1,775,000. Bank of America Corp DE acquired a new position in Selective Insurance Group in the 2nd quarter valued at $63,423,000. Odyssean LLC purchased a new position in shares of Selective Insurance Group during the 2nd quarter worth $245,000. Finally, Man Group plc purchased a new position in shares of Selective Insurance Group during the 2nd quarter worth $3,016,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.

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.