Zacks Research Analysts Lift Earnings Estimates for SIGI

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Analysts at Zacks Research increased their Q1 2026 earnings estimates for shares of Selective Insurance Group in a note issued to investors 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 previous forecast of $2.43. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share.

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

Selective Insurance Group Price Performance

Shares of SIGI stock opened at $79.33 on Thursday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 24.64 and a beta of 0.61. Selective Insurance Group has a 12 month low of $78.73 and a 12 month high of $109.58. 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 stock has a 50-day moving average price of $90.14 and a 200 day moving average price of $92.16.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 EPS 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 Trading of Selective Insurance Group

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Selective Insurance Group in the fourth quarter worth about $25,000. Quarry LP acquired a new position in shares of Selective Insurance Group in the 4th quarter valued at approximately $38,000. UMB Bank n.a. increased its stake in Selective Insurance Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $42,000 after buying an additional 402 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock valued at $45,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 14th. Selective Insurance Group’s dividend payout ratio (DPR) is 47.20%.

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.