SIGI Stock Earnings Estimates Decreased by Zacks Research

Key Points

• Zacks Research lowered Selective Insurance Group’s Q2 2027 EPS estimate to $1.90 from $1.94, while projecting FY2027 EPS of $8.65. The current full-year consensus estimate is $8.12 per share.
• Analyst sentiment remains cautious, with SIGI carrying a consensus “Hold” rating and an average price target of $99.33. Recent target changes ranged from Piper Sandler’s cut to $97 to Royal Bank of Canada’s increase to $115.
• Selective Insurance recently exceeded quarterly expectations, reporting $1.95 EPS versus the $1.66 consensus and revenue of $1.39 billion. The company also pays a quarterly dividend of $0.43 per share, equal to a 2.0% yield.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Zacks Research lowered their Q2 2027 EPS 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 earn $1.90 per share for the quarter, down from their prior 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.

A number of other brokerages also recently commented on SIGI. Piper Sandler reduced their price objective on Selective Insurance Group from $105.00 to $97.00 and set a "neutral" rating on the stock in a research report on Monday, September 28th. Morgan Stanley upped their target price on Selective Insurance Group from $72.00 to $80.00 and gave the company an "underweight" rating in a report on Monday, July 6th. Weiss Ratings downgraded Selective Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. 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 research note on Monday, July 27th. Finally, Keefe, Bruyette & Woods lifted their price target on Selective Insurance Group from $101.00 to $102.00 and gave the stock a "market perform" rating in a report on Thursday, July 30th. Two investment 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. Based on data from MarketBeat, Selective Insurance Group presently has a consensus rating of "Hold" and an average target price of $99.33.

Selective Insurance Group Price Performance

SIGI stock opened at $84.22 on Monday. 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. The firm has a market capitalization of $5.02 billion, a PE ratio of 10.45 and a beta of 0.26. The business has a 50 day simple moving average of $90.12 and a 200-day simple moving average of $88.95.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its earnings results 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. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.30 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. During the same period last year, the company posted $1.31 EPS.

Hedge Funds Weigh In On Selective Insurance Group

Several hedge funds have recently made changes to their positions in SIGI. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Selective Insurance Group in the 2nd quarter valued at $26,000. Farther Finance Advisors LLC raised its position in Selective Insurance Group by 51.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 812 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 275 shares during the last quarter. Westpac Banking Corp acquired a new stake in Selective Insurance Group during the 2nd quarter worth $72,000. Integrated Wealth Concepts LLC acquired a new stake in Selective Insurance Group during the 2nd quarter worth $89,000. Finally, Ancora Advisors LLC acquired a new stake in Selective Insurance Group during the 2nd quarter worth $110,000. Hedge funds and other institutional investors own 82.88% of the company's stock.

Insider Buying and Selling

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

Selective Insurance Group Announces Dividend

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

About Selective Insurance Group

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.

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