Zacks Research Issues Negative Outlook for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Equities research analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for Selective Insurance Group in a research report issued to clients and investors on Tuesday, May 27th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings per share of $2.17 for the quarter, down from their previous estimate of $2.18. The consensus estimate for Selective Insurance Group's current full-year earnings is $7.62 per share.

Several other brokerages have also recently weighed in on SIGI. Keefe, Bruyette & Woods reduced their price target on Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets lifted their price target on Selective Insurance Group from $92.00 to $96.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Morgan Stanley lifted their price target on Selective Insurance Group from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded Selective Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.00.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock traded up $0.07 on Friday, reaching $89.25. 119,049 shares of the stock were exchanged, compared to its average volume of 387,289. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. Selective Insurance Group has a twelve month low of $78.13 and a twelve month high of $103.56. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 27.72 and a beta of 0.51. The business has a 50 day moving average price of $88.34 and a two-hundred day moving average price of $89.94.

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 return on equity of 7.33% and a net margin of 4.26%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned $1.33 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.38 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. Selective Insurance Group's dividend payout ratio (DPR) is 41.42%.

Insider Activity

In other news, CAO Anthony D. Harnett sold 1,352 shares of Selective Insurance Group stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $87.06, for a total value of $117,705.12. Following the sale, the chief accounting officer now owns 15,946 shares in the company, valued at $1,388,258.76. This trade represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company's stock.

Institutional Trading of Selective Insurance Group

Several large investors have recently made changes to their positions in SIGI. Barclays PLC increased its position in shares of Selective Insurance Group by 171.6% during 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 in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Selective Insurance Group by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,385 shares of the insurance provider's stock worth $784,000 after purchasing an additional 210 shares in the last quarter. KBC Group NV increased its position in shares of Selective Insurance Group by 51.5% during the fourth quarter. KBC Group NV now owns 2,788 shares of the insurance provider's stock worth $261,000 after purchasing an additional 948 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Selective Insurance Group by 1.5% during the fourth quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock worth $847,000 after purchasing an additional 137 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Selective Insurance Group during the fourth quarter worth approximately $25,000. 82.88% of the stock is currently owned by hedge funds and other 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.