Zacks Research Has Bullish Forecast for SIGI Q1 Earnings

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

A number of other research firms have also recently commented on SIGI. Royal Bank of Canada raised their target price on Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Morgan Stanley dropped their price objective on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $93.00 target price (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Selective Insurance Group presently has an average rating of “Hold” and a consensus price target of $98.71.

Selective Insurance Group Stock Down 3.1 %

SIGI opened at $79.96 on Thursday. The company has a fifty day moving average of $90.48 and a two-hundred day moving average of $92.25. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.83 and a beta of 0.61. Selective Insurance Group has a fifty-two week low of $79.16 and a fifty-two week high of $109.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34.

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

Institutional Investors Weigh In On Selective Insurance Group

A number of large investors have recently modified their holdings of SIGI. UMB Bank n.a. lifted its stake in shares of Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock worth $40,000 after buying an additional 116 shares in the last quarter. Arizona State Retirement System lifted its stake in Selective Insurance Group by 0.7% in the 4th quarter. Arizona State Retirement System now owns 17,628 shares of the insurance provider’s stock worth $1,649,000 after purchasing an additional 123 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Selective Insurance Group by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider’s stock worth $847,000 after purchasing an additional 137 shares during the last quarter. Caprock Group LLC grew its position in shares of Selective Insurance Group by 3.8% in the fourth quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 145 shares in the last quarter. Finally, Lindenwold Advisors INC increased its holdings in shares of Selective Insurance Group by 5.4% in the third quarter. Lindenwold Advisors INC now owns 2,974 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. Selective Insurance Group’s payout ratio is currently 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.