Zacks Research Issues Negative Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Investment analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a report released on Monday, October 6th. Zacks Research analyst Team now forecasts that the insurance provider will earn $1.84 per share for the quarter, down from their previous forecast of $1.89. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2026 earnings at $8.01 EPS and Q1 2027 earnings at $2.13 EPS.

Other equities analysts also recently issued reports about the company. Piper Sandler cut their target price on Selective Insurance Group from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. BMO Capital Markets set a $88.00 price target on Selective Insurance Group and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Keefe, Bruyette & Woods lowered their price target on Selective Insurance Group from $92.00 to $84.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Selective Insurance Group in a report on Saturday, September 27th. Finally, Morgan Stanley cut Selective Insurance Group from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $86.00 to $72.00 in a report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $87.33.

Selective Insurance Group Stock Performance

Shares of SIGI stock opened at $84.20 on Tuesday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 13.78 and a beta of 0.39. The stock has a 50 day simple moving average of $78.82 and a 200-day simple moving average of $84.38. Selective Insurance Group has a 12-month low of $71.75 and a 12-month high of $103.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 23rd. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.24). The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Selective Insurance Group had a return on equity of 12.61% and a net margin of 7.50%.During the same period last year, the company posted ($1.10) earnings per share.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SIGI. Olde Wealth Management LLC purchased a new position in Selective Insurance Group in the first quarter valued at about $28,000. Parallel Advisors LLC raised its position in Selective Insurance Group by 219.5% in the second quarter. Parallel Advisors LLC now owns 361 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 248 shares during the period. Amundi raised its position in Selective Insurance Group by 398.7% in the first quarter. Amundi now owns 389 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 311 shares during the period. Brooklyn Investment Group purchased a new position in Selective Insurance Group in the first quarter valued at about $38,000. Finally, Toth Financial Advisory Corp purchased a new position in Selective Insurance Group in the first quarter valued at about $41,000. 82.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Selective Insurance Group

In other news, EVP Joseph Eppers bought 1,402 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $76.82 per share, with a total value of $107,701.64. Following the transaction, the executive vice president owned 12,492 shares of the company’s stock, valued at $959,635.44. This represents a 12.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Kelly Doherty bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $115,500.00. Following the completion of the transaction, the director directly owned 27,110 shares in the company, valued at approximately $2,087,470. This trade represents a 5.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,602 shares of company stock valued at $817,440. 1.50% of the stock is currently owned by insiders.

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, August 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.8%. Selective Insurance Group’s dividend payout ratio (DPR) is 24.88%.

Selective Insurance Group Company Profile

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.