Zacks Research Issues Negative Estimate for SIGI Earnings

Key Points

• Zacks Research trimmed multiple near- and medium-term EPS forecasts for Selective Insurance Group, cutting Q1 2027 to $2.03 (from $2.06) and lowering FY2026–FY2028 estimates, signaling modestly weaker earnings momentum.
• Analyst coverage remains lukewarm with a consensus rating of Hold (one Buy, five Hold, one Sell) and a consensus price target of $83.60, while individual targets range roughly from $84 to $95.
• Despite the revisions, Selective recently beat the prior-quarter EPS estimate with $2.57 vs. $2.24 consensus and pays a quarterly dividend of $0.43 (annualized yield ~2.1%), giving investors some income support amid mixed outlooks.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Research analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for Selective Insurance Group in a research report issued on Wednesday, April 8th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $2.03 for the quarter, down from their previous forecast of $2.06. 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 FY2027 earnings at $8.70 EPS, Q1 2028 earnings at $2.52 EPS and FY2028 earnings at $9.05 EPS.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut their target price on Selective Insurance Group from $92.00 to $84.00 and set a "market perform" rating on the stock in a research note on Tuesday. Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Selective Insurance Group in a research note on Monday, March 23rd. Piper Sandler raised their target price on Selective Insurance Group from $79.00 to $86.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Selective Insurance Group in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.60.

Selective Insurance Group Stock Up 0.2%

NASDAQ SIGI opened at $81.58 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $4.88 billion, a PE ratio of 10.89 and a beta of 0.26. Selective Insurance Group has a 1 year low of $71.75 and a 1 year high of $93.38. The business's 50-day moving average is $81.09 and its 200 day moving average is $80.89.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its earnings results on Thursday, January 29th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.33. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.36 billion. Selective Insurance Group had a return on equity of 14.23% and a net margin of 8.74%.Selective Insurance Group's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SIGI. Amundi grew its holdings in shares of Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider's stock worth $36,000 after acquiring an additional 311 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Selective Insurance Group by 5.5% during 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 worth $19,555,000 after acquiring an additional 11,167 shares during the period. Focus Partners Wealth grew its holdings in shares of Selective Insurance Group by 17.9% during the 1st quarter. Focus Partners Wealth now owns 2,705 shares of the insurance provider's stock worth $248,000 after acquiring an additional 411 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Selective Insurance Group during the 2nd quarter worth approximately $468,000. Finally, Cetera Investment Advisers grew its holdings in shares of Selective Insurance Group by 14.1% during the 2nd quarter. Cetera Investment Advisers now owns 3,749 shares of the insurance provider's stock worth $325,000 after acquiring an additional 462 shares during the period. Hedge funds and other institutional investors own 82.88% of the company's stock.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.1%. Selective Insurance Group's dividend payout ratio is 22.96%.

Key Stories Impacting Selective Insurance Group

Here are the key news stories impacting Selective Insurance Group this week:

• Neutral Sentiment: Company scheduled an earnings release and conference call to announce first-quarter 2026 results — a clear near-term catalyst that will drive trading and provide updated management commentary and guidance. Selective Insurance Schedules Earnings Release and Conference Call to Announce First Quarter 2026 Results
• Neutral Sentiment: Brokerage consensus remains lukewarm: coverage average is a "Hold," implying limited analyst-driven upside absent better fundamentals or guidance. Selective Insurance Group, Inc. NASDAQ: SIGI Receives Average Recommendation of "Hold" from Brokerages
• Negative Sentiment: Zacks Research trimmed several near- and medium-term EPS forecasts across multiple notes: Q1 2026 EPS lowered to $1.72 (from $1.79), Q1 2027 to $2.03 (from $2.06), Q1 2028 to $2.52 (from $2.58), FY2026 to $7.45 (from $7.53), FY2027 to $8.70 (from $8.74) and FY2028 to $9.05 (from $9.12). These downward revisions signal modestly weaker earnings momentum and are likely pressuring the stock.
• Negative Sentiment: Keefe, Bruyette & Woods published a pessimistic forecast for SIGI, which can further weigh on investor sentiment and contribute to downside pressure ahead of the earnings release. Keefe, Bruyette & Woods Issues Pessimistic Forecast for Selective Insurance Group NASDAQ: SIGI Stock Price

About Selective Insurance Group

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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