What is Zacks Research's Estimate for SIGI Q2 Earnings?

Key Points

• Zacks Research has raised its Q2 2027 earnings estimate for Selective Insurance Group (NASDAQ:SIGI) from $1.98 to $2.08 per share, maintaining a "Hold" rating on the stock.
• The company recently reported Q2 earnings of $1.31 per share, which fell short of analysts' expectations of $1.55, and its revenue was slightly below estimates at $1.29 billion.
• Selectively Insurance announced a quarterly dividend of $0.38 per share, equating to an annualized yield of 1.8% and a payout ratio of 24.88%.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Zacks Research upped their Q2 2027 EPS estimates for Selective Insurance Group in a research report issued on Monday, October 6th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $2.08 per share for the quarter, up from their prior estimate of $1.98. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Selective Insurance Group's current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group's FY2027 earnings at $8.82 EPS.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.24). The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion. Selective Insurance Group had a net margin of 7.50% and a return on equity of 12.61%. During the same quarter in the prior year, the firm posted ($1.10) EPS.

A number of other brokerages have also issued reports on SIGI. Weiss Ratings reissued a "hold (c-)" rating on shares of Selective Insurance Group in a research report on Saturday, September 27th. BMO Capital Markets set a $88.00 price objective on shares of Selective Insurance Group and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Morgan Stanley boosted their price objective on shares of Selective Insurance Group from $72.00 to $73.00 and gave the stock an "underweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their price objective on shares of Selective Insurance Group from $92.00 to $84.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Finally, Piper Sandler dropped their price target on shares of Selective Insurance Group from $88.00 to $79.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $87.50.

Selective Insurance Group Stock Up 0.0%

Shares of NASDAQ SIGI opened at $84.24 on Wednesday. The stock has a market cap of $5.13 billion, a P/E ratio of 13.79 and a beta of 0.39. Selective Insurance Group has a 52-week low of $71.75 and a 52-week high of $103.56. The firm has a 50 day moving average price of $78.89 and a 200 day moving average price of $84.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Selective Insurance Group's dividend payout ratio (DPR) is currently 24.88%.

Insider Buying and Selling at Selective Insurance Group

In other news, CEO John J. Marchioni acquired 3,200 shares of Selective Insurance Group stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $77.89 per share, for a total transaction of $249,248.00. Following the completion of the purchase, the chief executive officer directly owned 139,775 shares of the company's stock, valued at approximately $10,887,074.75. This represents a 2.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Terrence W. Cavanaugh purchased 2,000 shares of Selective Insurance Group stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $75.72 per share, for a total transaction of $151,440.00. Following the completion of the purchase, the director owned 25,295 shares in the company, valued at $1,915,337.40. This represents a 8.59% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 10,602 shares of company stock valued at $817,440 in the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Selective Insurance Group

A number of hedge funds have recently made changes to their positions in SIGI. Olde Wealth Management LLC acquired a new stake in Selective Insurance Group during the 1st quarter worth approximately $28,000. Parallel Advisors LLC boosted its position in Selective Insurance Group by 219.5% during the 2nd quarter. Parallel Advisors LLC now owns 361 shares of the insurance provider's stock worth $31,000 after buying an additional 248 shares during the period. Amundi boosted its position in Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider's stock worth $36,000 after buying an additional 311 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Selective Insurance Group in the first quarter valued at about $38,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Selective Insurance Group in the 1st quarter worth approximately $41,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.

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