Selective Insurance Group, Inc. $SIGI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,307 shares of the insurance provider’s stock after selling 20,763 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Selective Insurance Group worth $7,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Selective Insurance Group by 174.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,593,645 shares of the insurance provider’s stock valued at $137,340,000 after acquiring an additional 1,013,371 shares during the last quarter. Norges Bank acquired a new stake in Selective Insurance Group in the second quarter valued at approximately $61,437,000. Franklin Resources Inc. boosted its stake in shares of 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 worth $30,148,000 after acquiring an additional 340,979 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Selective Insurance Group by 91.2% in the 3rd quarter. Tributary Capital Management LLC now owns 552,650 shares of the insurance provider’s stock worth $44,803,000 after acquiring an additional 263,631 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Selective Insurance Group during the second quarter worth approximately $20,108,000. 82.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SIGI shares. Morgan Stanley upped their price objective on Selective Insurance Group from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Monday, November 17th. BMO Capital Markets lowered 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 report on Tuesday, October 28th. Piper Sandler boosted their price objective on shares of Selective Insurance Group from $79.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Royal Bank Of Canada initiated coverage on Selective Insurance Group in a report on Monday, November 24th. They set an “outperform” rating and a $95.00 target price for the company. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Selective Insurance Group has a consensus rating of “Hold” and an average target price of $83.00.

Selective Insurance Group Price Performance

Shares of SIGI opened at $84.95 on Friday. The business’s 50 day moving average price is $84.53 and its two-hundred day moving average price is $80.84. Selective Insurance Group, Inc. has a 52-week low of $71.75 and a 52-week high of $93.38. The firm has a market cap of $5.10 billion, a PE ratio of 11.34 and a beta of 0.23. 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 (NASDAQ:SIGI) last issued its earnings results on Thursday, January 29th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.24 by $0.33. Selective Insurance Group had a return on equity of 14.23% and a net margin of 8.74%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

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

Key Stories Impacting Selective Insurance Group

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

• Positive Sentiment: Zacks raised Selective’s Q4 2027 EPS estimate to $2.73 (from $2.46), signaling stronger expected late‑year earnings that can support valuation. Read More.
• Positive Sentiment: Zacks lifted FY2026 EPS to $7.90 (from $7.81) and nudged FY2027 to $8.73 (from $8.70), implying modestly better medium‑term earnings power. Read More.
• Positive Sentiment: Upgrades to select 2026 quarters: Q3 2026 to $1.82 (from $1.80) and Q4 2026 to $2.41 (from $2.33) — positive signs for upcoming seasonal results. Read More.
• Neutral Sentiment: A KalkineMedia piece highlights Selective in a Liquidity Edge / Nasdaq 100 index spotlight — increases visibility but has ambiguous direct earnings impact. Read More.
• Neutral Sentiment: Analyst consensus remains around a “Hold” (average recommendation reported), which suggests no imminent change in broad sell/hold/buy stance. Read More.
• Negative Sentiment: Zacks cut several 2027 quarterly EPS estimates — Q3 2027 lowered to $1.92 (from $2.08), Q2 2027 to $2.08 (from $2.12), and Q1 2027 to $2.00 (from $2.04) — these near‑term downgrades weigh on visibility for 2027 performance. Read More.
• Negative Sentiment: A very small cut to Q2 2026 (to $1.74 from $1.75) further accentuates the mixed nature of the revisions, adding modest short‑term downside pressure. Read More.

Selective Insurance Group Company Profile

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.