Selective Insurance Group (NASDAQ:SIGI) Price Target Raised to $88.00

Key Points

• Keefe, Bruyette & Woods raised its price target on Selective Insurance to $88 from $84 with a "market perform" rating, implying roughly a 6.7% upside from the prior close.
• Q1 results missed expectations: EPS was $1.69 (below consensus ~$1.81) and revenue was $1.23B (below estimates), sending the stock down about 2.2% to $82.51 on the session.
• Despite the miss, management reaffirmed 2026 guidance (GAAP combined ratio 96.5%–97.5%) and declared a $0.43 quarterly dividend, while analysts maintain a consensus "Hold" rating with a $84.40 consensus price target.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) had its price target hoisted by stock analysts at Keefe, Bruyette & Woods from $84.00 to $88.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 6.66% from the stock's previous close.

SIGI has been the topic of several other reports. Weiss Ratings reissued a "hold (c)" rating on shares of Selective Insurance Group in a research report on Wednesday, March 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Selective Insurance Group in a research report on Monday, March 23rd. Finally, Piper Sandler raised their target price on shares of Selective Insurance Group from $79.00 to $86.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Selective Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $84.40.

Selective Insurance Group Trading Down 2.2%

Shares of Selective Insurance Group stock traded down $1.88 during mid-day trading on Friday, hitting $82.51. 209,262 shares of the stock were exchanged, compared to its average volume of 572,394. Selective Insurance Group has a twelve month low of $71.75 and a twelve month high of $91.63. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 11.29 and a beta of 0.26. The company has a 50-day simple moving average of $79.74 and a 200 day simple moving average of $80.96. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.12). Selective Insurance Group had a return on equity of 13.81% and a net margin of 8.39%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $1.76 earnings per share. Selective Insurance Group's revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Selective Insurance Group will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Selective Insurance Group

A number of large investors have recently modified their holdings of SIGI. MQS Management LLC purchased a new stake in shares of Selective Insurance Group during the 1st quarter valued at about $359,000. Apollon Wealth Management LLC lifted its position in shares of Selective Insurance Group by 34.7% during the first quarter. Apollon Wealth Management LLC now owns 9,488 shares of the insurance provider's stock worth $715,000 after purchasing an additional 2,443 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Selective Insurance Group by 7.2% during the first quarter. Pictet Asset Management Holding SA now owns 8,969 shares of the insurance provider's stock worth $676,000 after purchasing an additional 599 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Selective Insurance Group during the first quarter worth $1,312,000. Finally, Baron Wealth Management LLC lifted its position in shares of Selective Insurance Group by 10.1% during the first quarter. Baron Wealth Management LLC now owns 3,461 shares of the insurance provider's stock worth $261,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company's stock.

Selective Insurance Group News Roundup

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

• Positive Sentiment: Management reaffirmed 2026 GAAP combined ratio guidance of 96.5%–97.5% and after‑tax net investment income of $465M, signaling confidence in profitability despite tougher casualty markets. Selective reaffirms 2026 GAAP combined ratio
• Positive Sentiment: Selective reported double‑digit investment income gains and year‑over‑year revenue growth in Q1, which helps offset underwriting pressure and supports earnings power. Selective posts revenue growth and double-digit investment income gains in Q1’26
• Positive Sentiment: The board declared a quarterly cash dividend of $0.43 (ex‑dividend May 15), maintaining shareholder income and signaling capital return discipline. Dividend announcement
• Neutral Sentiment: Management released the Q1 earnings presentation and held a call; slides provide detail on underwriting actions and reserve positions for investors digging into loss drivers. Q1 results presentation
• Neutral Sentiment: Call highlights and analyst commentary summarize how management plans to navigate more competitive casualty markets and pressure on underwriting margins. Earnings call highlights
• Negative Sentiment: Q1 EPS of $1.69 missed consensus (~$1.73–1.81) and revenue of ~$1.23B came in below estimates; catastrophe losses and weaker underwriting results were cited as key drivers of the shortfall. Q1 earnings miss
• Negative Sentiment: Multiple summaries note sales and EPS came in below analyst expectations, which likely drove near‑term selling pressure despite the positive items above. Sales below analyst estimates

About Selective Insurance Group

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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