Illinois Municipal Retirement Fund Makes New $818,000 Investment in Selective Insurance Group, Inc. $SIGI

Illinois Municipal Retirement Fund purchased a new stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) in the third quarter, HoldingsChannel.com reports. The fund purchased 10,089 shares of the insurance provider’s stock, valued at approximately $818,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC raised its holdings in Selective Insurance Group by 4.0% during the third quarter. Merit Financial Group LLC now owns 3,345 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 129 shares during the last quarter. Belpointe Asset Management LLC raised its stake in shares of Selective Insurance Group by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 8,559 shares of the insurance provider’s stock worth $694,000 after buying an additional 149 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Selective Insurance Group by 2.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,962 shares of the insurance provider’s stock worth $535,000 after buying an additional 160 shares in the last quarter. Heritage Family Offices LLP increased its holdings in Selective Insurance Group by 5.0% during the 3rd quarter. Heritage Family Offices LLP now owns 3,789 shares of the insurance provider’s stock valued at $307,000 after acquiring an additional 181 shares in the last quarter. Finally, Pullen Investment Management LLC increased its holdings in Selective Insurance Group by 0.9% during the 2nd quarter. Pullen Investment Management LLC now owns 22,748 shares of the insurance provider’s stock valued at $1,971,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SIGI. Morgan Stanley upped their price target on shares of Selective Insurance Group from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday, November 17th. BMO Capital Markets lowered Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $81.00 target price on the stock. in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods dropped their price target on Selective Insurance Group from $82.00 to $81.00 and set a “market perform” rating for the company in a research report on Tuesday, January 6th. Royal Bank Of Canada started coverage on Selective Insurance Group in a report on Monday, November 24th. They issued an “outperform” rating and a $95.00 price target for the company. Finally, Piper Sandler increased their price objective on Selective Insurance Group from $79.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.00.

Selective Insurance Group Stock Down 0.4%

Shares of NASDAQ:SIGI opened at $84.95 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 11.34 and a beta of 0.23. The stock’s 50-day moving average price is $84.53 and its two-hundred day moving average price is $80.84. Selective Insurance Group, Inc. has a 12-month low of $71.75 and a 12-month high of $93.38.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.33. Selective Insurance Group had a net margin of 8.74% and a return on equity of 14.23%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $1.62 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 2.0%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 22.96%.

Selective Insurance Group News Summary

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Zacks raised Selective’s Q4 2027 EPS estimate to $2.73 (from $2.46), signaling stronger expected late‑year earnings that can support valuation. Read More.
• Positive Sentiment: Zacks lifted FY2026 EPS to $7.90 (from $7.81) and nudged FY2027 to $8.73 (from $8.70), implying modestly better medium‑term earnings power. Read More.
• Positive Sentiment: Upgrades to select 2026 quarters: Q3 2026 to $1.82 (from $1.80) and Q4 2026 to $2.41 (from $2.33) — positive signs for upcoming seasonal results. Read More.
• Neutral Sentiment: A KalkineMedia piece highlights Selective in a Liquidity Edge / Nasdaq 100 index spotlight — increases visibility but has ambiguous direct earnings impact. Read More.
• Neutral Sentiment: Analyst consensus remains around a “Hold” (average recommendation reported), which suggests no imminent change in broad sell/hold/buy stance. Read More.
• Negative Sentiment: Zacks cut several 2027 quarterly EPS estimates — Q3 2027 lowered to $1.92 (from $2.08), Q2 2027 to $2.08 (from $2.12), and Q1 2027 to $2.00 (from $2.04) — these near‑term downgrades weigh on visibility for 2027 performance. Read More.
• Negative Sentiment: A very small cut to Q2 2026 (to $1.74 from $1.75) further accentuates the mixed nature of the revisions, adding modest short‑term downside pressure. Read More.

Selective Insurance Group 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.