Zacks Research Has Pessimistic Outlook of SIGI Q1 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Equities research analysts at Zacks Research decreased their Q1 2026 earnings estimates for shares of Selective Insurance Group in a research note 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 announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.10). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. Selective Insurance Group's revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS.

Several other brokerages have also recently issued reports on SIGI. Wall Street Zen raised shares of Selective Insurance Group from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their target price on shares of Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of Selective Insurance Group from $92.00 to $96.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley lifted 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 report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $94.00.

Selective Insurance Group Trading Up 0.6%

Shares of SIGI traded up $0.56 during trading hours on Thursday, reaching $88.07. 620,241 shares of the company traded hands, compared to its average volume of 387,759. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 27.35 and a beta of 0.51. Selective Insurance Group has a 12 month low of $78.13 and a 12 month high of $103.56. The company's fifty day moving average price is $88.36 and its two-hundred day moving average price is $90.14.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.73%. Selective Insurance Group's dividend payout ratio is currently 41.42%.

Insider Buying and Selling 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 shares were sold at an average price of $87.06, for a total transaction of $117,705.12. Following the completion of the sale, the chief accounting officer now directly owns 15,946 shares of the company's stock, valued at approximately $1,388,258.76. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Selective Insurance Group

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position 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 worth $10,711,000 after purchasing an additional 72,530 shares during the period. Sei Investments Co. lifted its position in Selective Insurance Group by 151.9% during the fourth quarter. Sei Investments Co. now owns 83,562 shares of the insurance provider's stock valued at $7,815,000 after purchasing an additional 50,386 shares during the last quarter. Boston Trust Walden Corp lifted its position in Selective Insurance Group by 8.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider's stock valued at $98,694,000 after purchasing an additional 84,341 shares during the last quarter. Pacer Advisors Inc. lifted its position in Selective Insurance Group by 1.5% during the fourth quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock valued at $847,000 after purchasing an additional 137 shares during the last quarter. Finally, Swedbank AB bought a new position in Selective Insurance Group during the fourth quarter valued at $2,338,000. 82.88% of the stock is currently owned by institutional investors.

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.