Zacks Research Has Negative Forecast for SIGI Q1 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a report issued on Tuesday, May 27th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings per share of $2.00 for the quarter, down from their prior forecast of $2.09. 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 FY2026 earnings at $8.18 EPS, Q1 2027 earnings at $2.30 EPS and FY2027 earnings at $8.81 EPS.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.10). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Wall Street Zen raised Selective Insurance Group from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their price objective on Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Selective Insurance Group from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, BMO Capital Markets upped their target price on shares of Selective Insurance Group from $92.00 to $96.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Selective Insurance Group has a consensus rating of "Hold" and an average target price of $94.00.

Selective Insurance Group Stock Up 0.3%

SIGI stock traded up $0.25 on Thursday, reaching $88.27. 156,557 shares of the company traded hands, compared to its average volume of 387,178. The firm has a fifty day simple moving average of $88.36 and a 200-day simple moving average of $90.01. The company has a market cap of $5.36 billion, a P/E ratio of 27.40 and a beta of 0.51. Selective Insurance Group has a one year low of $78.13 and a one year high of $103.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34.

Institutional Investors Weigh In On Selective Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGI. Barclays PLC raised its stake in shares of Selective Insurance Group by 171.6% in the third quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock valued at $10,711,000 after acquiring an additional 72,530 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Selective Insurance Group by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,385 shares of the insurance provider's stock valued at $784,000 after acquiring an additional 210 shares during the period. KBC Group NV raised its stake in shares of Selective Insurance Group by 51.5% in the fourth quarter. KBC Group NV now owns 2,788 shares of the insurance provider's stock valued at $261,000 after acquiring an additional 948 shares during the period. Pacer Advisors Inc. raised its stake in shares of Selective Insurance Group by 1.5% in the fourth quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock valued at $847,000 after acquiring an additional 137 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Selective Insurance Group in the fourth quarter valued at $25,000. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, CAO Anthony D. Harnett sold 1,352 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $87.06, for a total transaction of $117,705.12. Following the sale, the chief accounting officer now directly owns 15,946 shares in the company, valued at $1,388,258.76. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 15th. Selective Insurance Group's payout ratio is presently 41.42%.

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.