Zacks Research Has Pessimistic Outlook of SIGI Q2 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of Selective Insurance Group in a research report issued to clients and investors on Wednesday, September 24th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $1.89 for the quarter, down from their previous forecast of $1.90. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2026 earnings at $8.06 EPS and Q2 2027 earnings at $1.98 EPS.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 23rd. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.24). Selective Insurance Group had a return on equity of 12.61% and a net margin of 7.50%.The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned ($1.10) EPS.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets set a $88.00 price target on shares of Selective Insurance Group and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Morgan Stanley lowered Selective Insurance Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $86.00 to $72.00 in a research report on Tuesday, August 5th. Keefe, Bruyette & Woods decreased their price target on Selective Insurance Group from $92.00 to $84.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Finally, Piper Sandler cut their price objective on Selective Insurance Group from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $87.33.

Selective Insurance Group Stock Down 0.5%

Shares of NASDAQ SIGI opened at $78.43 on Thursday. The company has a 50 day simple moving average of $79.21 and a 200 day simple moving average of $84.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. Selective Insurance Group has a 1 year low of $71.75 and a 1 year high of $103.56. The firm has a market cap of $4.77 billion, a PE ratio of 12.84 and a beta of 0.44.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.9%. Selective Insurance Group’s dividend payout ratio (DPR) is 24.88%.

Insider Buying and Selling

In related news, Director Thomas A. Mccarthy purchased 2,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of $77.42 per share, with a total value of $193,550.00. Following the completion of the purchase, the director owned 18,746 shares in the company, valued at approximately $1,451,315.32. This trade represents a 15.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John J. Marchioni acquired 3,200 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were bought at an average price of $77.89 per share, for a total transaction of $249,248.00. Following the acquisition, the chief executive officer directly owned 139,775 shares of the company’s stock, valued at approximately $10,887,074.75. This trade represents a 2.34% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,602 shares of company stock worth $817,440 over the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Trading of Selective Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGI. AQR Capital Management LLC boosted its holdings in Selective Insurance Group by 174.6% in the second quarter. AQR Capital Management LLC now owns 1,593,645 shares of the insurance provider’s stock worth $137,340,000 after acquiring an additional 1,013,371 shares in the last quarter. Norges Bank bought a new position in shares of Selective Insurance Group in the 2nd quarter worth $61,437,000. Nuveen LLC acquired a new stake in Selective Insurance Group in the 1st quarter valued at $36,943,000. Franklin Resources Inc. increased its stake in Selective Insurance Group by 4,903.4% during the 2nd quarter. Franklin Resources Inc. now owns 347,933 shares of the insurance provider’s stock valued at $30,148,000 after purchasing an additional 340,979 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Selective Insurance Group by 36.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,128,252 shares of the insurance provider’s stock valued at $103,280,000 after purchasing an additional 299,925 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

Selective Insurance Group Company Profile

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.