Selective Insurance Group (NASDAQ:SIGI) Announces Earnings Results

Selective Insurance Group (NASDAQ:SIGI) released its quarterly earnings data on Thursday. The insurance provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.46, Zacks reports. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.17 billion. Selective Insurance Group had a return on equity of 15.40% and a net margin of 9.40%. During the same quarter in the prior year, the company earned $1.85 earnings per share.

Selective Insurance Group Stock Up 5.3%

Selective Insurance Group stock opened at $96.61 on Friday. The stock has a market cap of $5.76 billion, a P/E ratio of 11.61 and a beta of 0.26. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a twelve month low of $72.78 and a twelve month high of $101.25. The company’s 50-day moving average price is $88.87 and its two-hundred day moving average price is $89.81.

Selective Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.48 dividend. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, November 16th. This represents a $1.92 dividend on an annualized basis and a yield of 2.0%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 21.34%.

Key Selective Insurance Group News

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

• Positive Sentiment: Third-quarter adjusted earnings were $2.37 per share, exceeding the $1.91 consensus estimate and rising from $1.75 a year earlier. Total revenue of approximately $1.33 billion also exceeded the cited analyst estimate of $1.17 billion. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: After-tax net investment income increased 16% year over year to $127.3 million, supporting quarterly net income of $126.4 million, up 12% from the prior year. Selective Reports Q3 Net Income
• Positive Sentiment: Management raised its after-tax net investment income outlook to $490 million for 2026 and maintained a favorable full-year GAAP combined-ratio outlook of 96.5% to 97.5%. Selective 2026 Outlook
• Positive Sentiment: The board increased the quarterly dividend 11.6% to $0.48 per share and authorized a new $200 million share-repurchase program, signaling confidence in cash generation and potentially supporting per-share value.
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change is unlikely to materially affect the stock immediately. Selective Leadership Appointment
• Negative Sentiment: Net premiums written declined 7% year over year and total revenue fell 2%, highlighting slower underlying premium growth despite the earnings beat and stronger investment results.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SIGI shares. Royal Bank Of Canada lifted their target price on Selective Insurance Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods increased their price target on Selective Insurance Group from $101.00 to $102.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Selective Insurance Group in a report on Wednesday. Finally, Morgan Stanley lifted their price objective 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. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Selective Insurance Group currently has a consensus rating of “Hold” and a consensus price target of $101.00.

Insider Transactions at Selective Insurance Group

In other news, EVP Michael Lanza sold 17,100 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the completion of the sale, the executive vice president owned 16,565 shares in the company, valued at $1,557,772.60. The trade was a 50.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by company insiders.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.