Zacks Research Analysts Raise Earnings Estimates for SIGI

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Selective Insurance Group to $1.82 from $1.80, while projecting FY2026 EPS of $8.05 and FY2028 EPS of $9.02.
• Selective recently exceeded quarterly expectations, reporting $1.95 EPS versus the $1.66 consensus and revenue of $1.39 billion compared with estimates of $1.30 billion.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and $100.33 target price; the company also declared a $0.43 quarterly dividend, equal to a 1.8% yield.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Stock analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for Selective Insurance Group in a report released on Thursday, August 13th. Zacks Research analyst Team now expects that the insurance provider will earn $1.82 per share for the quarter, up from their previous estimate of $1.80. 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 FY2026 earnings at $8.05 EPS, Q1 2028 earnings at $2.43 EPS and FY2028 earnings at $9.02 EPS.

Several other equities research analysts also recently commented on SIGI. Keefe, Bruyette & Woods upped their target price on shares of Selective Insurance Group from $101.00 to $102.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Oppenheimer lifted their price target on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Weiss Ratings raised shares of Selective Insurance Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. BMO Capital Markets cut shares of Selective Insurance Group from an "outperform" rating to a "market perform" rating and set a $97.00 price objective for the company. in a research report on Tuesday, July 28th. Finally, Morgan Stanley raised their price objective on Selective Insurance Group from $72.00 to $80.00 and gave the stock an "underweight" rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of "Hold" and a consensus target price of $100.33.

Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGI opened at $94.37 on Monday. The firm's 50 day simple moving average is $95.16 and its 200 day simple moving average is $87.19. Selective Insurance Group has a fifty-two week low of $72.78 and a fifty-two week high of $100.40. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.71 and a beta of 0.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.29. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.30 billion. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%.During the same period in the previous year, the company earned $1.31 EPS.

Institutional Investors Weigh In On Selective Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Selective Insurance Group during the second quarter worth about $754,557,000. AQR Capital Management LLC raised its position in Selective Insurance Group by 56.3% in the 4th quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider's stock valued at $339,662,000 after buying an additional 1,462,838 shares during the last quarter. Norges Bank bought a new stake in Selective Insurance Group in the 4th quarter valued at approximately $65,625,000. First Trust Advisors LP lifted its stake in Selective Insurance Group by 239.1% in the 4th quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider's stock valued at $86,726,000 after acquiring an additional 730,890 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in Selective Insurance Group during the 2nd quarter worth approximately $47,558,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Michael H. Lanza sold 17,100 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 16,565 shares in the company, valued at $1,557,772.60. This represents a 50.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.82% of the company's stock.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 17th. Selective Insurance Group's dividend payout ratio (DPR) is 21.34%.

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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