Zacks Research Issues Negative Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Equities researchers at Zacks Research lowered their Q1 2025 EPS estimates for Selective Insurance Group in a report issued on Monday, February 17th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $1.94 per share for the quarter, down from their prior estimate of $1.95. The consensus estimate for Selective Insurance Group's current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group's Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.83 EPS, Q4 2025 earnings at $2.14 EPS, FY2025 earnings at $7.62 EPS, Q2 2026 earnings at $1.82 EPS, Q3 2026 earnings at $2.00 EPS, Q4 2026 earnings at $2.15 EPS, FY2026 earnings at $8.43 EPS and FY2027 earnings at $8.87 EPS.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets raised shares of Selective Insurance Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $95.00 to $105.00 in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $93.00 price target (down previously from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. Morgan Stanley decreased their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $98.71.

Selective Insurance Group Trading Down 1.1 %

Shares of SIGI traded down $0.84 during mid-day trading on Wednesday, hitting $78.49. 447,052 shares of the company's stock traded hands, compared to its average volume of 437,057. The business's 50-day moving average price is $89.77 and its 200-day moving average price is $92.11. Selective Insurance Group has a 1 year low of $78.13 and a 1 year high of $109.58. The firm has a market capitalization of $4.77 billion, a P/E ratio of 24.38 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, February 14th. Selective Insurance Group's dividend payout ratio is presently 47.21%.

Hedge Funds Weigh In On Selective Insurance Group

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC raised its holdings in Selective Insurance Group by 171.6% in the third quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock worth $10,711,000 after buying an additional 72,530 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Selective Insurance Group by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider's stock worth $37,801,000 after acquiring an additional 7,563 shares during the last quarter. Quest Partners LLC lifted its position in Selective Insurance Group by 2,486.8% in the 3rd quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider's stock valued at $712,000 after acquiring an additional 7,336 shares in the last quarter. Franklin Resources Inc. lifted its position in Selective Insurance Group by 38.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider's stock valued at $603,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Selective Insurance Group by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider's stock valued at $80,956,000 after purchasing an additional 21,374 shares during the last quarter. Institutional investors own 82.88% of the company's stock.

About Selective Insurance Group

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.