Zacks Research Has Bearish Forecast for SIGI Q4 Earnings

Key Points

• Zacks Research cut its Q4 2026 EPS forecast for Selective Insurance Group to $2.43 from $2.58; it also estimates EPS of $2.11 for Q1 2027 and $1.89 for Q2 2027.
• The company’s latest reported quarter was stronger than expected, with EPS of $2.37 versus the $1.91 consensus and revenue of $1.33 billion versus forecasts of $1.17 billion.
• Analyst sentiment is mixed: MarketBeat reports an average “Hold” rating and a $101.83 consensus price target. Selective also raised its quarterly dividend to $0.48 per share from $0.43.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Research analysts at Zacks Research dropped their Q4 2026 earnings per share estimates for shares of Selective Insurance Group in a research note issued on Thursday, November 12th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.43 per share for the quarter, down from their previous estimate of $2.58. The consensus estimate for Selective Insurance Group's current full-year earnings is $8.44 per share. Zacks Research also issued estimates for Selective Insurance Group's Q1 2027 earnings at $2.11 EPS, Q2 2027 earnings at $1.89 EPS and FY2028 earnings at $9.41 EPS.

Several other research analysts have also recently commented on SIGI. Piper Sandler cut their price target on Selective Insurance Group from $105.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, September 28th. Weiss Ratings upgraded Selective Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 28th. BMO Capital Markets restated a "market perform" rating on shares of Selective Insurance Group in a report on Wednesday, October 21st. Oppenheimer reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Selective Insurance Group in a research report on Tuesday, October 13th. Finally, Keefe, Bruyette & Woods upped their target price on Selective Insurance Group from $101.00 to $102.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $101.83.

Selective Insurance Group Stock Up 0.3%

Shares of NASDAQ SIGI opened at $103.36 on Friday. Selective Insurance Group has a 1 year low of $72.78 and a 1 year high of $105.65. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 12.01 and a beta of 0.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.29 and a current ratio of 0.29. The stock's 50-day simple moving average is $91.37 and its 200-day simple moving average is $88.47.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The insurance provider reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $1.85 EPS.

Selective Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Selective Insurance Group's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.9%. Selective Insurance Group's dividend payout ratio is 20.67%.

Insider Activity at Selective Insurance Group

In related news, Director Cynthia Nicholson sold 3,691 shares of Selective Insurance Group stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $98.71, for a total value of $364,338.61. Following the completion of the transaction, the director directly owned 17,463 shares in the company, valued at approximately $1,723,772.73. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On Selective Insurance Group

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Selective Insurance Group during the second quarter worth $754,557,000. First Trust Advisors LP increased its stake in Selective Insurance Group by 33.3% during the first quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider's stock valued at $104,179,000 after purchasing an additional 345,348 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Selective Insurance Group by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,359,224 shares of the insurance provider's stock valued at $102,473,000 after purchasing an additional 44,532 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Selective Insurance Group during the second quarter worth $77,149,000. Finally, Bank of America Corp DE acquired a new stake in shares of Selective Insurance Group during the second quarter worth $63,423,000. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc. is a property and casualty insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides insurance and related services to businesses and individuals through a network of independent agents. Its offerings include commercial property, general liability, workers' compensation and commercial auto coverage, as well as personal insurance such as homeowners and auto policies. Selective also provides excess and surplus lines coverage for risks that may not fit standard insurance markets, along with risk management and claims services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.