Zacks Research Has Pessimistic Outlook of SIGI Q2 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research lowered their Q2 2027 earnings per share estimates for Selective Insurance Group in a research note issued on Tuesday, September 8th. Zacks Research analyst Team now expects that the insurance provider will earn $1.94 per share for the quarter, down from their previous estimate of $1.95. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.12 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q3 2027 earnings at $1.94 EPS, FY2027 earnings at $8.72 EPS, Q1 2028 earnings at $2.42 EPS, Q2 2028 earnings at $2.45 EPS and FY2028 earnings at $9.01 EPS.

Selective Insurance Group (NASDAQ:SIGI) last posted its 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 return on equity of 14.51% and a net margin of 9.10%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $1.31 earnings per share.

A number of other analysts also recently issued reports on the company. Morgan Stanley raised their price objective on Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Weiss Ratings cut shares of Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods increased their target price on shares of Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Selective Insurance Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Piper Sandler boosted their price target on shares of Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.33.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock opened at $90.90 on Wednesday. The firm has a market cap of $5.41 billion, a PE ratio of 11.28 and a beta of 0.29. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a 52 week low of $72.78 and a 52 week high of $100.40. The business’s fifty day simple moving average is $94.69 and its 200-day simple moving average is $87.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SIGI. Eurizon Capital SGR S.p.A. acquired a new position in shares of Selective Insurance Group in the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in Selective Insurance Group during the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Selective Insurance Group during the 2nd quarter worth approximately $26,000. Amundi lifted its holdings in Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after buying an additional 311 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Selective Insurance Group by 177.5% in the 4th quarter. IFP Advisors Inc now owns 591 shares of the insurance provider’s stock valued at $49,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Insider Transactions at Selective Insurance Group

In other Selective Insurance Group news, EVP Michael Lanza sold 17,100 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the sale, the executive vice president directly owned 16,565 shares in the company, valued at $1,557,772.60. This represents a 50.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by company insiders.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 17th. Selective Insurance Group’s payout ratio is currently 21.34%.

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.