Selective Insurance Group, Inc. (NASDAQ:SIGI) Stock Has Consensus Price Target of $101.00

Key Points

• Analysts maintain a “Hold” consensus on Selective Insurance Group, with four hold, two buy and one sell rating. The average 12-month price target is $101, compared with shares opening at $96.61.
• Third-quarter results exceeded expectations, with adjusted EPS of $2.37 versus the $1.91 consensus and revenue of approximately $1.33 billion versus $1.17 billion expected. Net investment income rose 16% year over year to $127.3 million.
• The company raised its quarterly dividend 11.6% to $0.48 per share and authorized a $200 million share-repurchase program, although net premiums written declined 7% year over year, signaling weaker underlying premium growth.

Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.00.

Several research firms recently issued reports on SIGI. Keefe, Bruyette & Woods increased their price target on shares of Selective Insurance Group from $101.00 to $102.00 and gave the stock a "market perform" rating in a report on Thursday, July 30th. Morgan Stanley lifted 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. Piper Sandler lowered their price objective on Selective Insurance Group from $105.00 to $97.00 and set a "neutral" rating on the stock in a report on Monday, September 28th. Royal Bank Of Canada boosted their target price on Selective Insurance Group from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Selective Insurance Group in a research note on Wednesday.

Trending Headlines about Selective Insurance Group

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

• Positive Sentiment: Third-quarter adjusted earnings were $2.37 per share, exceeding the $1.91 consensus estimate and rising from $1.75 a year earlier. Total revenue of approximately $1.33 billion also exceeded the cited analyst estimate of $1.17 billion. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: After-tax net investment income increased 16% year over year to $127.3 million, supporting quarterly net income of $126.4 million, up 12% from the prior year. Selective Reports Q3 Net Income
• Positive Sentiment: Management raised its after-tax net investment income outlook to $490 million for 2026 and maintained a favorable full-year GAAP combined-ratio outlook of 96.5% to 97.5%. Selective 2026 Outlook
• Positive Sentiment: The board increased the quarterly dividend 11.6% to $0.48 per share and authorized a new $200 million share-repurchase program, signaling confidence in cash generation and potentially supporting per-share value.
• 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 is unlikely to materially affect the stock immediately. Selective Leadership Appointment
• Negative Sentiment: Net premiums written declined 7% year over year and total revenue fell 2%, highlighting slower underlying premium growth despite the earnings beat and stronger investment results.

Selective Insurance Group Stock Performance

Shares of SIGI opened at $96.61 on Monday. The stock has a market capitalization of $5.76 billion, a P/E ratio of 11.61 and a beta of 0.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.29 and a current ratio of 0.29. Selective Insurance Group has a 1 year low of $72.78 and a 1 year high of $101.25. The company's fifty day moving average is $88.87 and its two-hundred day moving average is $89.90.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 EPS for the quarter, topping the consensus estimate of $1.91 by $0.46. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.17 billion. Selective Insurance Group had a net margin of 9.40% and a return on equity of 15.60%. During the same quarter last year, the business earned $1.85 EPS. On average, sell-side analysts predict that Selective Insurance Group will post 8.20 earnings per share for the current year.

Selective Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Selective Insurance Group's previous quarterly dividend of $0.43. The ex-dividend date is Monday, November 16th. Selective Insurance Group's dividend payout ratio (DPR) is presently 20.67%.

Insiders Place Their Bets

In related news, EVP Michael Lanza sold 17,100 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the transaction, the executive vice president owned 16,565 shares of the company's stock, valued at $1,557,772.60. This represents a 50.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Selective Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Selective Insurance Group during the 2nd quarter worth approximately $754,557,000. Wellington Management Group LLP purchased a new position in Selective Insurance Group in the 2nd quarter valued at approximately $77,149,000. Bank of America Corp DE purchased a new position in Selective Insurance Group in the 2nd quarter valued at approximately $63,423,000. Jupiter Topco LLC purchased a new position in Selective Insurance Group in the 2nd quarter valued at approximately $47,558,000. Finally, Bank of New York Mellon Corp acquired a new position in Selective Insurance Group during the second quarter worth $47,482,000. Institutional investors and hedge funds own 82.88% of the company's stock.

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.

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