Zacks Research Issues Pessimistic Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Investment analysts at Zacks Research dropped their FY2024 EPS estimates for Selective Insurance Group in a report released on Thursday, December 12th. Zacks Research analyst R. Department now expects that the insurance provider will earn $3.60 per share for the year, down from their prior estimate of $3.65. The consensus estimate for Selective Insurance Group’s current full-year earnings is $3.61 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q4 2025 earnings at $2.18 EPS, FY2025 earnings at $7.72 EPS, Q2 2026 earnings at $1.90 EPS, Q3 2026 earnings at $2.13 EPS and FY2026 earnings at $8.73 EPS.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Monday, October 21st. The insurance provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29). The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Selective Insurance Group had a net margin of 5.01% and a return on equity of 8.11%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 EPS.

SIGI has been the subject of several other reports. Royal Bank of Canada raised their price objective on Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $95.00 to $105.00 in a research note on Wednesday, October 30th. Bank of America lifted their price objective on shares of Selective Insurance Group from $96.00 to $102.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley assumed coverage on Selective Insurance Group in a report on Thursday, December 5th. They issued an “equal weight” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.14.

Selective Insurance Group Trading Up 0.8 %

Shares of SIGI opened at $97.51 on Monday. The company’s fifty day moving average is $96.66 and its 200 day moving average is $93.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $5.93 billion, a PE ratio of 26.28 and a beta of 0.60. Selective Insurance Group has a fifty-two week low of $81.00 and a fifty-two week high of $109.58.

Hedge Funds Weigh In On Selective Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGI. V Square Quantitative Management LLC purchased a new position in Selective Insurance Group during the third quarter valued at approximately $27,000. Quest Partners LLC acquired a new stake in Selective Insurance Group in the 2nd quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Selective Insurance Group during the second quarter worth about $44,000. KBC Group NV increased its stake in Selective Insurance Group by 18.1% during the 3rd quarter. KBC Group NV now owns 1,840 shares of the insurance provider’s stock worth $172,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Selective Insurance Group in the second quarter valued at approximately $188,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Anthony D. Harnett sold 1,404 shares of Selective Insurance Group stock in a transaction on Friday, October 25th. The shares were sold at an average price of $92.61, for a total transaction of $130,024.44. Following the completion of the sale, the chief accounting officer now directly owns 15,946 shares in the company, valued at approximately $1,476,759.06. The trade was a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Selective Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.35. Selective Insurance Group’s payout ratio is presently 40.97%.

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.