Selective Insurance Group (NASDAQ:SIGI – Get Free Report) had its target price increased by research analysts at Keefe, Bruyette & Woods from $84.00 to $88.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.69% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Selective Insurance Group in a research report on Monday, March 23rd. Piper Sandler lifted their target price on Selective Insurance Group from $79.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Selective Insurance Group in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $84.40.
Check Out Our Latest Report on Selective Insurance Group
Selective Insurance Group Stock Performance
Selective Insurance Group (NASDAQ:SIGI – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.12). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.76 earnings per share. On average, equities analysts forecast that Selective Insurance Group will post 7.68 earnings per share for the current year.
Institutional Investors Weigh In On Selective Insurance Group
A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Selective Insurance Group by 56.3% during the fourth quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock valued at $339,662,000 after acquiring an additional 1,462,838 shares during the period. Geode Capital Management LLC raised its holdings in Selective Insurance Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,660,758 shares of the insurance provider’s stock valued at $138,976,000 after acquiring an additional 8,580 shares during the period. Dimensional Fund Advisors LP raised its holdings in Selective Insurance Group by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,692 shares of the insurance provider’s stock valued at $110,004,000 after acquiring an additional 44,305 shares during the period. First Trust Advisors LP raised its holdings in Selective Insurance Group by 239.1% during the fourth quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider’s stock valued at $86,726,000 after acquiring an additional 730,890 shares during the period. Finally, Norges Bank bought a new stake in Selective Insurance Group during the fourth quarter valued at about $65,625,000. 82.88% of the stock is owned by institutional investors.
Selective Insurance Group News Summary
Here are the key news stories impacting Selective Insurance Group this week:
- Positive Sentiment: Analyst price-target increase — Keefe, Bruyette & Woods raised its SIGI target from $84 to $88 and kept a “market perform” rating, giving modest upside potential and signaling some confidence in the outlook. Article Title
- Positive Sentiment: Dividend announced — SIGI declared a $0.43 quarterly dividend (record May 15; pay June 1), supporting income-oriented investors (roughly a 2% yield). (Company announcement)
- Positive Sentiment: Reaffirmed 2026 targets — Management reiterated a GAAP combined ratio range of 96.5%–97.5% and after-tax net investment income guidance of $465M, providing some stability around financial targets despite a tougher casualty market. Article Title
- Neutral Sentiment: Top-line and investment income — Revenue was up year-over-year and investment income showed strong gains in Q1, which offsets some underwriting weakness. Article Title
- Neutral Sentiment: Market commentary and Q1 deep dive pieces offer context on margin discipline and portfolio moves amid competitive conditions. Article Title
- Negative Sentiment: EPS miss and underwriting pressure — Q1 EPS of $1.69 missed consensus (~$1.81); management cited catastrophe and underwriting headwinds. That miss is a primary reason investors are selling. Article Title
- Negative Sentiment: Claims inflation and reserve increases — Coverage: analysts highlight elevated loss picks, reserve charges and rising costs in commercial auto and general liability, which raise the risk of further underwriting deterioration. Article Title
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.
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