Zacks Research Issues Optimistic Estimate for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Stock analysts at Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for Selective Insurance Group in a research note issued on Monday, February 17th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings per share of $2.45 for the quarter, up from their prior forecast of $2.43. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%.

A number of other equities analysts have also issued reports on SIGI. BMO Capital Markets raised Selective Insurance Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 price objective (down previously from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.71.

Selective Insurance Group Stock Performance

NASDAQ SIGI opened at $78.49 on Thursday. 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 52-week low of $78.13 and a 52-week high of $109.58. The business’s 50-day moving average price is $89.77 and its 200 day moving average price is $92.11. The firm has a market cap of $4.77 billion, a P/E ratio of 24.38 and a beta of 0.61.

Institutional Investors Weigh In On Selective Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of SIGI. R Squared Ltd acquired a new stake in shares of Selective Insurance Group during the 4th quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Selective Insurance Group during the 4th quarter valued at approximately $38,000. UMB Bank n.a. lifted its position in shares of Selective Insurance Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Selective Insurance Group by 957.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 402 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Selective Insurance Group by 64.4% during the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 190 shares during the period. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. Selective Insurance Group’s payout ratio is 47.21%.

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.