Zacks Research Issues Optimistic Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities research analysts at Zacks Research increased their Q4 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a research note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $2.34 for the quarter, up from their prior forecast of $2.17. 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 FY2027 earnings at $8.71 EPS.

Several other brokerages have also commented on SIGI. BMO Capital Markets lowered shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $81.00 price target on the stock. in a research note on Tuesday, October 28th. Piper Sandler decreased their price objective on shares of 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. Keefe, Bruyette & Woods cut their target price on Selective Insurance Group from $84.00 to $82.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Selective Insurance Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on Selective Insurance Group from $72.00 to $73.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 7th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $78.75.

Selective Insurance Group Stock Down 1.5%

Shares of NASDAQ SIGI traded down $1.18 during midday trading on Friday, hitting $78.29. 86,308 shares of the company’s stock were exchanged, compared to its average volume of 477,926. The firm’s fifty day simple moving average is $79.42 and its 200-day simple moving average is $82.60. The company has a market cap of $4.73 billion, a PE ratio of 12.06 and a beta of 0.39. Selective Insurance Group has a twelve month low of $71.75 and a twelve month high of $103.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.33.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, October 22nd. The insurance provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.04. Selective Insurance Group had a net margin of 7.78% and a return on equity of 12.96%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year.

Selective Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.43 dividend. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. Selective Insurance Group’s payout ratio is 26.50%.

Hedge Funds Weigh In On Selective Insurance Group

A number of large investors have recently bought and sold shares of SIGI. First Horizon Corp acquired a new position in shares of Selective Insurance Group during the third quarter worth about $29,000. Parallel Advisors LLC increased its position in Selective Insurance Group by 219.5% during the 2nd quarter. Parallel Advisors LLC now owns 361 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 248 shares during the period. Amundi raised its stake in shares of Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after buying an additional 311 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Selective Insurance Group in the 1st quarter valued at approximately $38,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Selective Insurance Group by 752.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 537 shares of the insurance provider’s stock valued at $49,000 after buying an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

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.