Zacks Research Has Pessimistic Outlook of SIGI Q3 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Stock analysts at Zacks Research cut their Q3 2026 earnings estimates for shares of Selective Insurance Group in a research note issued to investors on Tuesday, July 21st. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $1.80 for the quarter, down from their prior estimate of $1.82. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.85 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q3 2027 earnings at $2.14 EPS and FY2027 earnings at $8.79 EPS.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 EPS 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 13.71%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.

SIGI has been the topic of several other research reports. Weiss Ratings raised Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Oppenheimer boosted their price target on Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Royal Bank Of Canada upped their price objective on Selective Insurance Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. BMO Capital Markets raised Selective Insurance Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $84.00 to $97.00 in a research report on Thursday, May 7th. Finally, Piper Sandler lifted their target price on Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $99.33.

Selective Insurance Group Stock Performance

Shares of SIGI stock opened at $96.08 on Wednesday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 13.14 and a beta of 0.29. The company’s 50 day moving average is $92.71 and its 200 day moving average is $85.70. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.27. Selective Insurance Group has a 52-week low of $71.75 and a 52-week high of $100.40.

Institutional Trading of Selective Insurance Group

A number of institutional investors have recently made changes to their positions in SIGI. Legacy Wealth Asset Management LLC purchased a new position in Selective Insurance Group during the 2nd quarter worth $284,000. Gradient Investments LLC raised its stake in Selective Insurance Group by 8.0% in the second quarter. Gradient Investments LLC now owns 16,644 shares of the insurance provider’s stock valued at $1,615,000 after buying an additional 1,228 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Selective Insurance Group by 101.6% in the second quarter. Assenagon Asset Management S.A. now owns 193,405 shares of the insurance provider’s stock worth $18,762,000 after acquiring an additional 97,469 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in Selective Insurance Group by 7.5% in the second quarter. Baron Wealth Management LLC now owns 3,722 shares of the insurance provider’s stock worth $361,000 after acquiring an additional 261 shares in the last quarter. Finally, Cim Investment Management Inc. grew its stake in shares of Selective Insurance Group by 54.3% during the first quarter. Cim Investment Management Inc. now owns 5,098 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 1,793 shares during the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

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.