Zacks Research Issues Pessimistic Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Equities research analysts at Zacks Research decreased their Q2 2026 earnings estimates for shares of Selective Insurance Group in a research note issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings per share of $1.91 for the quarter, down from their prior 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.

A number of other brokerages also recently issued reports on SIGI. Royal Bank of Canada boosted their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research note on Tuesday, July 23rd. Bank of America lifted their price objective on Selective Insurance Group from $96.00 to $102.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised Selective Insurance Group from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $95.00 to $105.00 in a research report on Wednesday, October 30th. Finally, Piper Sandler dropped their price target on Selective Insurance Group from $104.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $101.67.

Selective Insurance Group Trading Up 0.1 %

Shares of SIGI traded up $0.05 during mid-day trading on Wednesday, hitting $99.89. 61,253 shares of the company's stock traded hands, compared to its average volume of 354,876. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $6.07 billion, a P/E ratio of 27.03 and a beta of 0.57. The business's 50-day moving average price is $93.08 and its 200-day moving average price is $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 - Get Free Report) last posted its earnings results on Monday, October 21st. The insurance provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.29). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.17 billion. Selective Insurance Group had a return on equity of 8.11% and a net margin of 5.01%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share.

Selective Insurance Group Increases Dividend

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

Insider Transactions at Selective Insurance Group

In related news, CAO Anthony D. Harnett sold 1,404 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $92.61, for a total transaction of $130,024.44. Following the sale, the chief accounting officer now directly owns 15,946 shares of the company's stock, valued at approximately $1,476,759.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of Selective Insurance Group

A number of institutional investors have recently made changes to their positions in SIGI. Vanguard Group Inc. grew its stake in shares of Selective Insurance Group by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 6,574,472 shares of the insurance provider's stock valued at $717,735,000 after acquiring an additional 367,987 shares during the period. FMR LLC lifted its holdings in Selective Insurance Group by 28.6% during the third quarter. FMR LLC now owns 5,468,801 shares of the insurance provider's stock valued at $510,239,000 after purchasing an additional 1,216,801 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Selective Insurance Group by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,416,957 shares of the insurance provider's stock worth $132,949,000 after purchasing an additional 62,699 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Selective Insurance Group by 1.2% in the second quarter. Boston Trust Walden Corp now owns 988,846 shares of the insurance provider's stock worth $92,783,000 after purchasing an additional 11,327 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 period. Hedge funds and other 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.