Zacks Research Has Pessimistic Opinion of SIGI Q2 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities research analysts at Zacks Research decreased their Q2 2027 EPS estimates for Selective Insurance Group in a research note issued on Thursday, October 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $1.90 for the quarter, down from their prior estimate of $1.94. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.12 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2027 earnings at $8.65 EPS and Q3 2028 earnings at $1.95 EPS.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.29. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. During the same period last year, the company earned $1.31 earnings per share.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets downgraded Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 price target for the company. in a research note on Tuesday, July 28th. Weiss Ratings downgraded Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada raised their target price on Selective Insurance Group from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price on Selective Insurance Group from $101.00 to $102.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $115.00 target price on shares of Selective Insurance Group in a research report on Tuesday. 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. According to MarketBeat.com, Selective Insurance Group currently has an average rating of “Hold” and a consensus target price of $101.00.

Selective Insurance Group Trading Up 0.3%

SIGI opened at $85.15 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. Selective Insurance Group has a fifty-two week low of $72.78 and a fifty-two week high of $100.40. The firm has a market capitalization of $5.07 billion, a PE ratio of 10.56 and a beta of 0.26. The company’s 50-day moving average is $89.68 and its 200 day moving average is $89.10.

Institutional Investors Weigh In On Selective Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Selective Insurance Group in the second quarter worth about $754,557,000. First Trust Advisors LP boosted its stake in Selective Insurance Group by 33.3% in the first quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider’s stock valued at $104,179,000 after acquiring an additional 345,348 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Selective Insurance Group by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,359,224 shares of the insurance provider’s stock valued at $102,473,000 after acquiring an additional 44,532 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Selective Insurance Group during the 2nd quarter valued at approximately $77,149,000. Finally, Bank of America Corp DE grew its position in shares of Selective Insurance Group by 2.5% during the 1st quarter. Bank of America Corp DE now owns 759,122 shares of the insurance provider’s stock valued at $57,230,000 after acquiring an additional 18,675 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Insider Buying and Selling at Selective Insurance Group

In related news, EVP Michael Lanza sold 17,100 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the transaction, the executive vice president directly owned 16,565 shares in the company, valued at approximately $1,557,772.60. The trade was a 50.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is owned by insiders.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 17th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 21.34%.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates primarily in the United States.

Selective offers commercial insurance products for businesses, including property, general liability, commercial automobile, workers’ compensation and related coverage. Its personal insurance business provides products such as homeowners, renters and automobile insurance.