Zacks Research Brokers Increase Earnings Estimates for SIGI

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Investment analysts at Zacks Research raised their FY2026 earnings estimates for shares of Selective Insurance Group in a research report issued on Tuesday, June 23rd. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $7.74 for the year, up from their previous estimate of $7.70. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q4 2026 earnings at $2.58 EPS and FY2028 earnings at $9.07 EPS.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler increased their price target on Selective Insurance Group from $82.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Selective Insurance Group in a report on Monday, March 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Selective Insurance Group from $84.00 to $88.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Selective Insurance Group in a research report on Thursday, June 18th. Finally, Oppenheimer raised their target price on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.67.

Selective Insurance Group Stock Performance

Shares of NASDAQ SIGI opened at $94.40 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.65 billion, a P/E ratio of 12.91 and a beta of 0.32. Selective Insurance Group has a 12 month low of $71.75 and a 12 month high of $94.78. The stock has a 50 day moving average of $86.89 and a 200-day moving average of $83.57.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.12). Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $1.76 EPS. Selective Insurance Group’s quarterly revenue was up 5.7% on a year-over-year basis.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 15th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new position in shares of Selective Insurance Group in the 3rd quarter valued at approximately $5,082,000. American Century Companies Inc. boosted its position in shares of Selective Insurance Group by 1,299.9% during the 3rd quarter. American Century Companies Inc. now owns 301,965 shares of the insurance provider’s stock worth $24,480,000 after acquiring an additional 280,395 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Selective Insurance Group by 381.2% during the 4th quarter. SG Americas Securities LLC now owns 28,347 shares of the insurance provider’s stock worth $2,372,000 after acquiring an additional 22,456 shares in the last quarter. Comerica Bank increased its stake in Selective Insurance Group by 94.8% in the fourth quarter. Comerica Bank now owns 55,955 shares of the insurance provider’s stock valued at $4,682,000 after acquiring an additional 27,236 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Selective Insurance Group in the second quarter valued at approximately $468,000. 82.88% of the stock is owned by institutional investors and hedge funds.

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.