Zacks Research Has Bearish Forecast for SIGI Q2 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities researchers at Zacks Research reduced their Q2 2027 earnings estimates for shares of Selective Insurance Group in a research note issued on Thursday, October 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $1.90 per share for the quarter, down from their previous estimate of $1.94. 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 FY2027 earnings at $8.65 EPS and Q3 2028 earnings at $1.95 EPS.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their price target on Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Piper Sandler decreased their price objective on Selective Insurance Group from $105.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Morgan Stanley boosted their price objective on Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Monday, July 6th. BMO Capital Markets downgraded Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 target price on the stock. in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised their target price on Selective Insurance Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Selective Insurance Group currently has an average rating of “Hold” and an average target price of $99.33.

Selective Insurance Group Trading Up 0.8%

NASDAQ SIGI opened at $84.92 on Monday. The company has a market capitalization of $5.06 billion, a PE ratio of 10.54 and a beta of 0.26. The company has a fifty day moving average of $89.91 and a 200 day moving average of $89.02. Selective Insurance Group has a 1 year low of $72.78 and a 1 year 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Selective Insurance Group in the second quarter valued at about $754,557,000. First Trust Advisors LP lifted its stake in shares of Selective Insurance Group by 33.3% in the first quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider’s stock worth $104,179,000 after buying an additional 345,348 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Selective Insurance Group by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,359,224 shares of the insurance provider’s stock worth $102,473,000 after buying an additional 44,532 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Selective Insurance Group in the second quarter worth about $77,149,000. Finally, Bank of America Corp DE boosted its position in Selective Insurance Group by 2.5% during the first quarter. Bank of America Corp DE now owns 759,122 shares of the insurance provider’s stock worth $57,230,000 after acquiring an additional 18,675 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Insider Transactions at Selective Insurance Group

In related news, EVP Michael Lanza sold 17,100 shares of the 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 sale, the executive vice president directly owned 16,565 shares of the company’s stock, valued at approximately $1,557,772.60. This represents a 50.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, August 17th. Selective Insurance Group’s payout ratio is currently 21.34%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates primarily in the United States.

Selective offers commercial insurance products for businesses, including property, general liability, commercial automobile, workers’ compensation and related coverage. Its personal insurance business provides products such as homeowners, renters and automobile insurance.