Zacks Research Issues Pessimistic Outlook for SIGI Earnings

Key Points

• Zacks Research has reduced its Q4 2026 earnings estimate for Selective Insurance Group (SIGI) from $2.18 to $2.17 per share, with a full-year earnings estimate of $7.62 per share.
• Several analysts have recently downgraded SIGI's stock ratings and target prices, with Morgan Stanley lowering its target from $86.00 to $72.00 and changing its rating to "underweight."
• The company recently announced a quarterly dividend of $0.38, with an annualized yield of 1.9% and a payout ratio of 24.88%.

Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) - Investment analysts at Zacks Research cut their Q4 2026 earnings per share estimates for shares of Selective Insurance Group in a research note issued on Wednesday, September 24th. Zacks Research analyst Team 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. Zacks Research also issued estimates for Selective Insurance Group's FY2027 earnings at $8.79 EPS.

SIGI has been the topic of several other reports. BMO Capital Markets set a $88.00 target price on Selective Insurance Group and gave the company an "outperform" rating in a report on Tuesday, August 5th. Keefe, Bruyette & Woods cut their price objective on Selective Insurance Group from $92.00 to $84.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Piper Sandler decreased their target price on Selective Insurance Group from $88.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Finally, Morgan Stanley downgraded Selective Insurance Group from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $86.00 to $72.00 in a report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $87.33.

Selective Insurance Group Trading Down 0.5%

Shares of NASDAQ:SIGI opened at $78.43 on Friday. The stock has a market capitalization of $4.77 billion, a PE ratio of 12.84 and a beta of 0.44. Selective Insurance Group has a 1 year low of $71.75 and a 1 year high of $103.56. The firm has a fifty day moving average price of $79.21 and a 200 day moving average price of $84.69. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.55 by ($0.24). The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. Selective Insurance Group had a return on equity of 12.61% and a net margin of 7.50%.During the same quarter in the prior year, the company posted ($1.10) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SIGI. Frank Rimerman Advisors LLC boosted its stake in shares of Selective Insurance Group by 3.0% in the first quarter. Frank Rimerman Advisors LLC now owns 4,728 shares of the insurance provider's stock valued at $433,000 after buying an additional 136 shares during the period. Martingale Asset Management L P raised its holdings in Selective Insurance Group by 0.5% in the 1st quarter. Martingale Asset Management L P now owns 28,140 shares of the insurance provider's stock valued at $2,576,000 after acquiring an additional 141 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Selective Insurance Group by 16.3% during the 2nd quarter. UMB Bank n.a. now owns 1,079 shares of the insurance provider's stock valued at $93,000 after acquiring an additional 151 shares during the period. Hsbc Holdings PLC lifted its position in shares of Selective Insurance Group by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 10,075 shares of the insurance provider's stock valued at $922,000 after acquiring an additional 173 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Selective Insurance Group by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 7,117 shares of the insurance provider's stock worth $651,000 after purchasing an additional 185 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert Kelly Doherty bought 1,500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $77.00 per share, with a total value of $115,500.00. Following the acquisition, the director owned 27,110 shares in the company, valued at approximately $2,087,470. This represents a 5.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Eppers acquired 1,402 shares of the company's stock in a transaction on Friday, July 25th. The shares were bought at an average price of $76.82 per share, with a total value of $107,701.64. Following the completion of the purchase, the executive vice president directly owned 12,492 shares of the company's stock, valued at approximately $959,635.44. This represents a 12.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 10,602 shares of company stock worth $817,440. Insiders own 1.50% of the company's stock.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.9%. Selective Insurance Group's payout ratio is presently 24.88%.

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.

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