Selective Insurance Group, Inc. (NASDAQ:SIGI) to Issue Dividend Increase – $0.48 Per Share

Selective Insurance Group, Inc. (NASDAQ:SIGI) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.48 per share by the insurance provider on Tuesday, December 1st. This represents a $1.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 16th. This is a 11.6% increase from Selective Insurance Group’s previous quarterly dividend of $0.43.

Selective Insurance Group has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 11 years. Selective Insurance Group has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Selective Insurance Group to earn $8.74 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.7%.

Selective Insurance Group Stock Up 0.7%

NASDAQ SIGI opened at $91.74 on Friday. The company has a market cap of $5.46 billion, a P/E ratio of 11.44 and a beta of 0.26. The business has a fifty day moving average price of $88.83 and a 200 day moving average price of $89.76. Selective Insurance Group has a one year low of $72.78 and a one year high of $100.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.46. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. Research analysts anticipate that Selective Insurance Group will post 8.20 EPS for the current fiscal year.

Trending Headlines about Selective Insurance Group

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Third-quarter earnings exceeded expectations. Selective reported $2.37 in adjusted earnings per share, above the $1.91 consensus estimate and up from $1.85 a year earlier. Revenue totaled approximately $1.33 billion, while net income increased 12% year over year to $126.4 million. Selective Insurance Group Inc Profit Climbs In Q3
• Positive Sentiment: Capital returns were strengthened. The board authorized a new $200 million share-repurchase program, which could support earnings per share and signal confidence in the company’s valuation. Selective also raised its quarterly dividend 11.6% to $0.48 per share, equivalent to $1.92 annually and a yield of about 2.1%. The dividend is payable December 1 to shareholders of record on November 16. Selective Insurance Group Announces Equity Buyback
• Positive Sentiment: Investment income and underwriting remained supportive. After-tax net investment income rose 16% to $127.3 million, and the 96.8% GAAP combined ratio indicates underwriting profitability. Management expects a 2026 combined ratio of 96.5% to 97.5% and after-tax investment income of about $490 million. Selective Insurance Group Reports Third Quarter Results
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change may improve execution, but its financial impact is not yet clear. Selective Insurance Group Announces Executive Appointment
• Negative Sentiment: Premium growth and revenue trends were weaker. Net premiums written declined 7% year over year, and total revenue fell 2% from the prior-year quarter. One estimate comparison characterized revenue as below expectations, creating a counterweight to the earnings beat and raising concerns about near-term top-line momentum. Selective Insurance Group Revenue Estimates

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.