First Trust Advisors LP Buys 345,348 Shares of Selective Insurance Group, Inc. $SIGI

First Trust Advisors LP boosted its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 33.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,381,867 shares of the insurance provider’s stock after purchasing an additional 345,348 shares during the period. First Trust Advisors LP’s holdings in Selective Insurance Group were worth $104,179,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SIGI. Amundi increased its holdings in Selective Insurance Group by 398.7% in the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 311 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Selective Insurance Group by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,627 shares of the insurance provider’s stock worth $19,555,000 after purchasing an additional 11,167 shares during the period. Focus Partners Wealth increased its stake in shares of Selective Insurance Group by 17.9% in the first quarter. Focus Partners Wealth now owns 2,705 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 411 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Selective Insurance Group in the second quarter valued at approximately $468,000. Finally, Cetera Investment Advisers raised its position in shares of Selective Insurance Group by 14.1% in the second quarter. Cetera Investment Advisers now owns 3,749 shares of the insurance provider’s stock valued at $325,000 after purchasing an additional 462 shares during the period. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group News Summary

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. SIGI reported EPS of $1.95 versus estimates around $1.66-$1.72, and revenue of $1.39 billion versus the $1.30 billion consensus, helped by stronger underwriting results and investment income. Article Title
• Positive Sentiment: Management raised its investment income outlook. The company increased its 2026 investment income forecast, which suggests a better earnings tailwind ahead. Article Title
• Neutral Sentiment: The dividend announcement supports the income profile. SIGI declared a quarterly dividend of $0.43 per share, keeping the stock attractive to income-focused investors.
• Neutral Sentiment: Analyst actions were mixed. Some Zacks estimates were trimmed, while others were increased, which may have tempered enthusiasm despite the strong quarter.
• Negative Sentiment: Market reaction suggests profit-taking or caution. Despite the earnings beat, the stock has declined as investors may be looking past the quarter and focusing on valuation, forward guidance, or broader insurance-sector sentiment.

Selective Insurance Group Price Performance

SIGI stock opened at $96.33 on Friday. The firm has a 50 day simple moving average of $93.11 and a two-hundred day simple moving average of $85.87. The stock has a market cap of $5.77 billion, a PE ratio of 11.95 and a beta of 0.29. Selective Insurance Group, Inc. has a one year low of $72.78 and a one year high of $100.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.30 and a quick ratio of 0.30.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.29. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.62%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.31 earnings per share. On average, analysts predict that Selective Insurance Group, Inc. will post 7.84 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 17th. Selective Insurance Group’s dividend payout ratio is presently 21.34%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SIGI shares. Royal Bank Of Canada lifted their price target on Selective Insurance Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Morgan Stanley boosted their price objective on shares of Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their target price on shares of Selective Insurance Group from $88.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets upgraded shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $84.00 to $97.00 in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $99.33.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.