Zacks Research Issues Pessimistic Estimate for SIGI Earnings

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

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.10). The business 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%. The business's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share.

Several other analysts also recently commented on the stock. 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 research report on Wednesday, April 30th. Morgan Stanley boosted 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. BMO Capital Markets upped their price objective 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, Wall Street Zen raised shares of Selective Insurance Group from a "hold" rating to a "buy" rating in a 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $94.00.

Selective Insurance Group Stock Up 0.6%

SIGI stock traded up $0.56 during trading hours on Friday, hitting $88.07. The company's stock had a trading volume of 620,241 shares, compared to its average volume of 388,071. 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 PE 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 stock has a 50 day moving average price of $88.36 and a two-hundred day moving average price of $90.07.

Institutional Trading of Selective Insurance Group

A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new stake in Selective Insurance Group in the 1st quarter valued at $1,822,000. Intech Investment Management LLC raised its stake in shares of Selective Insurance Group by 13.3% in the 1st quarter. Intech Investment Management LLC now owns 28,854 shares of the insurance provider's stock valued at $2,641,000 after buying an additional 3,377 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Selective Insurance Group by 17.9% in the 1st quarter. Focus Partners Wealth now owns 2,705 shares of the insurance provider's stock valued at $248,000 after buying an additional 411 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Selective Insurance Group in the 1st quarter valued at $702,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Selective Insurance Group by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,627 shares of the insurance provider's stock valued at $19,555,000 after buying an additional 11,167 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Selective Insurance Group news, CAO Anthony D. Harnett sold 1,352 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $87.06, for a total value 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 $1,388,258.76. This represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Selective Insurance Group Dividend Announcement

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

Selective Insurance Group Company Profile

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.