Selective Insurance Group (NASDAQ:SIGI) Stock Rating Upgraded by Wall Street Zen

Selective Insurance Group (NASDAQ:SIGI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

SIGI has been the subject of several other reports. Weiss Ratings cut shares of Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Piper Sandler lowered their price target on shares of Selective Insurance Group from $105.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, September 28th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on 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. Finally, Morgan Stanley increased their target price on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.00.

Selective Insurance Group Stock Up 5.3%

SIGI opened at $96.61 on Friday. Selective Insurance Group has a 12 month low of $72.78 and a 12 month high of $101.25. The stock has a market capitalization of $5.76 billion, a P/E ratio of 10.69 and a beta of 0.26. The business has a 50 day simple moving average of $88.87 and a 200-day simple moving average of $89.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, October 22nd. The insurance provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.46. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Selective Insurance Group had a net margin of 9.40% and a return on equity of 15.40%. During the same quarter in the previous year, the business posted $1.85 earnings per share. On average, equities analysts anticipate that Selective Insurance Group will post 8.20 earnings per share for the current fiscal year.

Insider Transactions at Selective Insurance Group

In other news, EVP Michael Lanza sold 17,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the completion of the transaction, the executive vice president owned 16,565 shares in the company, valued at $1,557,772.60. This trade represents a 50.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.82% of the company’s stock.

Institutional Trading of Selective Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in SIGI. Signaturefd LLC boosted its position in Selective Insurance Group by 40.6% in the 3rd quarter. Signaturefd LLC now owns 1,412 shares of the insurance provider’s stock valued at $118,000 after buying an additional 408 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Selective Insurance Group in the 3rd quarter valued at approximately $206,000. Nisa Investment Advisors LLC grew its position in shares of Selective Insurance Group by 6.4% in the third quarter. Nisa Investment Advisors LLC now owns 17,776 shares of the insurance provider’s stock valued at $1,486,000 after purchasing an additional 1,064 shares during the last quarter. IFP Advisors Inc raised its position in Selective Insurance Group by 51.3% in the third quarter. IFP Advisors Inc now owns 596 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 202 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Selective Insurance Group in the third quarter valued at approximately $494,000. 82.88% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Selective Insurance Group

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

• Positive Sentiment: Third-quarter adjusted earnings were $2.37 per share, exceeding the $1.91 consensus estimate and rising from $1.75 a year earlier. Total revenue of approximately $1.33 billion also exceeded the cited analyst estimate of $1.17 billion. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: After-tax net investment income increased 16% year over year to $127.3 million, supporting quarterly net income of $126.4 million, up 12% from the prior year. Selective Reports Q3 Net Income
• Positive Sentiment: Management raised its after-tax net investment income outlook to $490 million for 2026 and maintained a favorable full-year GAAP combined-ratio outlook of 96.5% to 97.5%. Selective 2026 Outlook
• Positive Sentiment: The board increased the quarterly dividend 11.6% to $0.48 per share and authorized a new $200 million share-repurchase program, signaling confidence in cash generation and potentially supporting per-share value.
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change is unlikely to materially affect the stock immediately. Selective Leadership Appointment
• Negative Sentiment: Net premiums written declined 7% year over year and total revenue fell 2%, highlighting slower underlying premium growth despite the earnings beat and stronger investment results.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers’ compensation, general liability, commercial property and other specialty coverages.