Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGI) Grows By 20.8%

Selective Insurance Group, Inc. (NASDAQ:SIGI) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,003,970 shares, a growth of 20.8% from the January 15th total of 1,659,441 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily volume of 684,920 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily volume of 684,920 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.4% of the company’s shares are short sold.

More Selective Insurance Group News

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

• Positive Sentiment: Zacks raised several longer‑term and some near‑term forecasts (FY2026 to $7.90, FY2027 to $8.73, Q4 2027 upgraded to $2.73), which supports higher forward EPS expectations and is a tailwind for the stock. Zacks estimate changes
• Positive Sentiment: KalkineMedia ran a piece highlighting SIGI in a Nasdaq‑100/market spotlight (Liquidity Edge mention), which can increase investor visibility and potentially attract interest/flows. Selective Insurance (NASDAQ:SIGI) Liquidity Edge Gains Nasdaq 100 Index Spotlight
• Neutral Sentiment: Analysts’ consensus remains cautious: a recent survey-style piece shows an average recommendation of “Hold,” signaling no near‑term analyst-driven buy conviction. Analyst consensus: Hold
• Negative Sentiment: Zacks also trimmed several specific quarterly estimates (Q1–Q3 2027 and small cuts to Q2 2026/Q2 2027), which introduces near‑term uncertainty about earnings cadence and likely capped upside today. Zacks estimate cuts

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BMO Capital Markets cut shares of Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $81.00 price target for the company. in a research report on Tuesday, October 28th. Royal Bank Of Canada started coverage on shares of Selective Insurance Group in a report on Monday, November 24th. They set an “outperform” rating and a $95.00 target price for the company. Keefe, Bruyette & Woods cut their price target on Selective Insurance Group from $82.00 to $81.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 6th. Morgan Stanley lifted their price objective on Selective Insurance Group from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Monday, November 17th. Finally, Piper Sandler increased their target price on Selective Insurance Group from $79.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $83.00.

Institutional Investors Weigh In On Selective Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SIGI. AGF Management Ltd. bought a new stake in shares of Selective Insurance Group in the third quarter valued at about $3,448,000. Frontier Capital Management Co. LLC bought a new position in Selective Insurance Group during the second quarter worth about $20,108,000. Arkadios Wealth Advisors acquired a new stake in Selective Insurance Group in the 2nd quarter worth about $299,000. Vest Financial LLC bought a new stake in Selective Insurance Group in the 3rd quarter valued at about $1,480,000. Finally, Norges Bank bought a new stake in Selective Insurance Group in the 2nd quarter valued at about $61,437,000. Institutional investors and hedge funds own 82.88% of the company’s stock.

Selective Insurance Group Stock Performance

Shares of SIGI stock opened at $85.25 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. Selective Insurance Group has a 52 week low of $71.75 and a 52 week high of $93.38. The company’s 50 day moving average price is $84.45 and its two-hundred day moving average price is $80.81. The company has a market capitalization of $5.12 billion, a P/E ratio of 11.38 and a beta of 0.23.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, January 29th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.33. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Selective Insurance Group had a net margin of 8.74% and a return on equity of 14.23%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. On average, analysts expect that Selective Insurance Group will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 13th. Selective Insurance Group’s payout ratio is 22.96%.

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.