What is Zacks Research’s Estimate for SIGI Q3 Earnings?

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research reduced their Q3 2026 EPS estimates for shares of Selective Insurance Group in a note issued to investors on Tuesday, July 21st. Zacks Research analyst Team now expects that the insurance provider will earn $1.80 per share for the quarter, down from their prior estimate of $1.82. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.85 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q3 2027 earnings at $2.14 EPS and FY2027 earnings at $8.79 EPS.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.12). Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $1.76 EPS. Selective Insurance Group’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on SIGI. Piper Sandler increased their price target on Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on shares of Selective Insurance Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. BMO Capital Markets upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $84.00 to $97.00 in a research note on Thursday, May 7th. Finally, Morgan Stanley lifted their target price on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of “Hold” and an average target price of $99.33.

Selective Insurance Group Stock Performance

SIGI opened at $98.76 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.27. Selective Insurance Group has a 12-month low of $71.75 and a 12-month high of $100.40. The business has a 50 day moving average of $92.49 and a 200-day moving average of $85.61. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 13.51 and a beta of 0.29.

Hedge Funds Weigh In On Selective Insurance Group

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming boosted its position in Selective Insurance Group by 17.7% during the 4th quarter. State of Wyoming now owns 750 shares of the insurance provider’s stock worth $63,000 after buying an additional 113 shares during the period. Oak Associates Ltd. OH increased its holdings in Selective Insurance Group by 1.8% in the first quarter. Oak Associates Ltd. OH now owns 7,124 shares of the insurance provider’s stock valued at $537,000 after purchasing an additional 125 shares during the period. Merit Financial Group LLC raised its position in shares of Selective Insurance Group by 4.0% during the third quarter. Merit Financial Group LLC now owns 3,345 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 129 shares during the last quarter. True Wealth Design LLC raised its holdings in Selective Insurance Group by 45.9% during the 4th quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Selective Insurance Group by 38.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 555 shares of the insurance provider’s stock valued at $46,000 after buying an additional 154 shares during the period. 82.88% of the stock is owned by institutional investors.

About Selective Insurance Group

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.