Zacks Research Issues Negative Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Stock analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a research report issued to clients and investors on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings per share of $1.91 for the quarter, down from their prior estimate of $2.29. The consensus estimate for Selective Insurance Group’s current full-year earnings is $3.63 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2026 earnings at $8.87 EPS.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Monday, October 21st. The insurance provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29). Selective Insurance Group had a net margin of 5.01% and a return on equity of 8.11%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis.

Several other equities analysts also recently commented on the company. Royal Bank of Canada increased their price target on Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. BMO Capital Markets upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $104.00 to $99.00 in a report on Monday, July 22nd. JMP Securities reiterated a “market perform” rating on shares of Selective Insurance Group in a research note on Tuesday, July 23rd. Finally, Bank of America boosted their price objective on Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Selective Insurance Group presently has a consensus rating of “Hold” and an average target price of $101.67.

Selective Insurance Group Stock Up 0.0 %

Shares of SIGI stock opened at $99.85 on Wednesday. The stock’s 50 day simple moving average is $93.27 and its 200 day simple moving average is $92.91. Selective Insurance Group has a twelve month low of $81.00 and a twelve month high of $109.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 26.91 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in shares of Selective Insurance Group in the 1st quarter valued at $55,468,000. Dimensional Fund Advisors LP grew its holdings in shares of Selective Insurance Group by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,416,957 shares of the insurance provider’s stock worth $132,949,000 after purchasing an additional 62,699 shares during the last quarter. Vanguard Group Inc. grew its stake in Selective Insurance Group by 5.9% during the first quarter. Vanguard Group Inc. now owns 6,574,472 shares of the insurance provider’s stock worth $717,735,000 after buying an additional 367,987 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Selective Insurance Group by 10.2% during the 3rd quarter. New York State Common Retirement Fund now owns 179,741 shares of the insurance provider’s stock valued at $16,770,000 after purchasing an additional 16,689 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Selective Insurance Group by 32.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 35,798 shares of the insurance provider’s stock valued at $3,908,000 after buying an additional 8,807 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

Insider Activity at Selective Insurance Group

In related news, CAO Anthony D. Harnett sold 1,404 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $92.61, for a total transaction of $130,024.44. Following the transaction, the chief accounting officer now directly owns 15,946 shares in the company, valued at $1,476,759.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Selective Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.35. Selective Insurance Group’s dividend payout ratio is currently 37.74%.

About Selective Insurance Group

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.