Zacks Research Analysts Raise Earnings Estimates for SIGI

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Investment analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a report released on Thursday, August 13th. Zacks Research analyst Team now forecasts that the insurance provider will earn $1.82 per share for the quarter, up from their previous forecast of $1.80. 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 FY2026 earnings at $8.05 EPS, Q1 2028 earnings at $2.43 EPS and FY2028 earnings at $9.02 EPS.

SIGI has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on shares of Selective Insurance Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Oppenheimer upped their price objective on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Piper Sandler raised their target price on shares of Selective Insurance Group from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. BMO Capital Markets downgraded shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 target price on the stock. in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Selective Insurance Group from $101.00 to $102.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $100.33.

Selective Insurance Group Price Performance

Selective Insurance Group stock opened at $91.30 on Monday. Selective Insurance Group has a 12 month low of $72.78 and a 12 month high of $100.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $95.26 and a 200-day simple moving average of $87.34. The stock has a market capitalization of $5.44 billion, a PE ratio of 11.33 and a beta of 0.30.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.29. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.30 billion. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%.During the same period last year, the business posted $1.31 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SIGI. Beacon Pointe Advisors LLC purchased a new stake in shares of Selective Insurance Group during the 2nd quarter worth approximately $461,000. Empowered Funds LLC acquired a new stake in shares of Selective Insurance Group in the 2nd quarter worth approximately $228,000. Public Employees Retirement System of Ohio purchased a new position in Selective Insurance Group in the 2nd quarter valued at approximately $777,000. Corient Private Wealth LP purchased a new position in Selective Insurance Group in the 2nd quarter valued at approximately $1,775,000. Finally, Bank of America Corp DE acquired a new position in Selective Insurance Group during the second quarter worth $63,423,000. 82.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michael H. Lanza sold 17,100 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,557,772.60. This represents a 50.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by corporate insiders.

Selective Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.43 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.9%. Selective Insurance Group’s payout ratio is 21.34%.

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.