Selective Insurance Group (NASDAQ:SIGI) Stock Price Up 7.9% Following Dividend Announcement

Selective Insurance Group, Inc. (NASDAQ:SIGI)’s stock price rose 7.9% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $84.31 and last traded at $83.7550. Approximately 129,848 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 558,872 shares. The stock had previously closed at $77.63.

The newly announced dividend which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.0%. Selective Insurance Group’s dividend payout ratio is 22.96%.

Wall Street Analyst Weigh In

SIGI has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Selective Insurance Group in a research note on Monday, March 23rd. Keefe, Bruyette & Woods dropped their price target on shares of Selective Insurance Group from $92.00 to $84.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Selective Insurance Group in a research note on Wednesday, March 25th. Finally, Piper Sandler increased their price target on shares of 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Selective Insurance Group presently has a consensus rating of “Hold” and an average target price of $83.60.

Selective Insurance Group Stock Performance

The firm’s 50 day moving average price is $79.74 and its two-hundred day moving average price is $80.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $5.05 billion, a PE ratio of 11.54 and a beta of 0.26.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.12). Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.81%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $1.76 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Selective Insurance Group, Inc. will post 7.71 earnings per share for the current year.

Selective Insurance Group News Roundup

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

• Positive Sentiment: Company declared a quarterly cash dividend of $0.43 per share (record May 15, pay June 1), yielding about 2.1% — a shareholder‑friendly action that can attract income investors.
• Positive Sentiment: Management reported double‑digit investment income gains and year‑over‑year revenue growth in Q1, which helped offset underwriting pressure and provided an earnings cushion. Selective posts revenue growth and double‑digit investment income gains in Q1’26
• Neutral Sentiment: Company posted its Q1 results slide deck / earnings presentation — useful for detail on loss activity, reserve development and segment performance but no material change to guidance disclosed in headlines. Earnings Call Presentation
• Neutral Sentiment: Market writeups (TipRanks/others) describe the quarter as a “solid” performance overall despite misses — framing matters for investor sentiment but contains limited new data. Selective Insurance Reports Solid Q1 2026 Earnings Performance
• Negative Sentiment: Reported Q1 EPS of $1.69 missed consensus (~$1.73–$1.81) and fell from $1.76 a year ago; revenue of $1.23B missed estimates (~$1.29B). Management cited catastrophe losses and weak underwriting margins as the principal drags on profit. Selective Insurance Q1 Earnings Miss Estimates, Revenues Increase Y/Y
• Negative Sentiment: Multiple outlets flagged sales below analyst estimates and the EPS miss; underwriting and catastrophe trends remain the main near‑term risk to profitability and could pressure the stock if loss activity persists. Sales Below Analyst Estimates In Q1 CY2026 Earnings

Hedge Funds Weigh In On Selective Insurance Group

Several large investors have recently made changes to their positions in SIGI. AQR Capital Management LLC lifted its holdings in shares of Selective Insurance Group by 56.3% in the 4th quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock worth $339,662,000 after acquiring an additional 1,462,838 shares during the last quarter. Norges Bank acquired a new position in shares of Selective Insurance Group in the 4th quarter worth approximately $65,625,000. First Trust Advisors LP lifted its holdings in shares of Selective Insurance Group by 239.1% in the 4th quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider’s stock worth $86,726,000 after acquiring an additional 730,890 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Selective Insurance Group by 1,299.9% in the 3rd quarter. American Century Companies Inc. now owns 301,965 shares of the insurance provider’s stock worth $24,480,000 after acquiring an additional 280,395 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of 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 last quarter. 82.88% of the stock is currently owned by institutional investors and hedge funds.

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.