Selective Insurance Group, Inc. (NASDAQ:SIGI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give Selective Insurance an average rating of Hold from seven coverage firms (1 sell, 5 hold, 1 buy) with a 1‑year average target of $84.40.
• The company posted mixed results last quarter—missed EPS at $1.69 vs. $1.81 expected while revenue beat at $1.36B (up 5.7% YoY), reflecting uneven profitability despite top‑line growth.
• Selective declared a quarterly dividend of $0.43 (annualized $1.72, ~2.1% yield) payable June 1 with an ex‑dividend date of May 15, and institutional investors own roughly 82.9% of the stock.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $84.40.

A number of analysts recently issued reports on SIGI shares. Piper Sandler increased their target price on Selective Insurance Group from $79.00 to $86.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Selective Insurance Group in a research note on Monday, March 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Selective Insurance Group in a research note on Wednesday, March 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Selective Insurance Group from $84.00 to $88.00 and gave the stock a "market perform" rating in a research note on Friday, April 24th.

Hedge Funds Weigh In On Selective Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AGF Management Ltd. bought a new stake in Selective Insurance Group in the 3rd quarter valued at approximately $3,448,000. Lighthouse Investment Partners LLC bought a new stake in Selective Insurance Group in the 3rd quarter valued at approximately $5,082,000. American Century Companies Inc. lifted its stake in Selective Insurance Group by 1,299.9% in the 3rd quarter. American Century Companies Inc. now owns 301,965 shares of the insurance provider's stock valued at $24,480,000 after acquiring an additional 280,395 shares in the last quarter. Vest Financial LLC bought a new stake in Selective Insurance Group in the 3rd quarter valued at approximately $1,480,000. Finally, SG Americas Securities LLC increased its stake in Selective Insurance Group by 381.2% in the 4th quarter. SG Americas Securities LLC now owns 28,347 shares of the insurance provider's stock valued at $2,372,000 after buying an additional 22,456 shares during the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Price Performance

NASDAQ:SIGI opened at $82.08 on Monday. Selective Insurance Group has a 1 year low of $71.75 and a 1 year high of $91.63. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 11.23 and a beta of 0.32. The stock has a 50-day moving average price of $79.59 and a two-hundred day moving average price of $80.96.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.81 by ($0.12). Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. As a group, equities analysts expect that Selective Insurance Group will post 7.76 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.1%. Selective Insurance Group's dividend payout ratio is presently 23.53%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company's core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.

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