Zacks Research Brokers Decrease Earnings Estimates for SIGI

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Analysts at Zacks Research lowered their FY2026 earnings estimates for Selective Insurance Group in a research note issued on Tuesday, July 21st. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $7.72 per share for the year, down from their previous forecast of $7.74. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.84 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q1 2028 earnings at $2.77 EPS and Q2 2028 earnings at $2.49 EPS.

A number of other equities research analysts also recently weighed in on SIGI. Morgan Stanley raised their price target on Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their price objective on Selective Insurance Group from $88.00 to $101.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. 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 report on Thursday, May 7th. Piper Sandler boosted their target price on Selective Insurance Group from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada boosted their target price on Selective Insurance Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.33.

Selective Insurance Group Stock Up 1.8%

Shares of NASDAQ:SIGI opened at $97.79 on Thursday. Selective Insurance Group has a 52-week low of $71.75 and a 52-week high of $100.40. The firm has a fifty day moving average of $92.95 and a 200 day moving average of $85.80. The firm has a market capitalization of $5.85 billion, a PE ratio of 13.38 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.30.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $1.31 EPS.

Institutional Trading of Selective Insurance Group

Several hedge funds have recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC bought a new position in shares of Selective Insurance Group during the second quarter valued at about $284,000. Gradient Investments LLC lifted its stake in shares of Selective Insurance Group by 8.0% in the 2nd quarter. Gradient Investments LLC now owns 16,644 shares of the insurance provider’s stock valued at $1,615,000 after acquiring an additional 1,228 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Selective Insurance Group by 101.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 193,405 shares of the insurance provider’s stock valued at $18,762,000 after acquiring an additional 97,469 shares during the last quarter. Baron Wealth Management LLC boosted its holdings in Selective Insurance Group by 7.5% during the 2nd quarter. Baron Wealth Management LLC now owns 3,722 shares of the insurance provider’s stock valued at $361,000 after acquiring an additional 261 shares during the period. Finally, Cim Investment Management Inc. boosted its holdings in Selective Insurance Group by 54.3% during the 1st quarter. Cim Investment Management Inc. now owns 5,098 shares of the insurance provider’s stock valued at $384,000 after acquiring an additional 1,793 shares during the period. 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: Selective Insurance beat Q2 earnings expectations, with EPS of $1.95 coming in well above Wall Street forecasts and higher than last year’s $1.31 result. Article Title
• Positive Sentiment: The company’s return on equity and net margin suggest healthy underlying profitability, which may reinforce investor confidence after the earnings beat.
• Neutral Sentiment: Analyst estimates were mixed ahead of the report, with some Zacks Research forecasts nudged slightly lower for FY2026 and a few future quarters while other long-term estimates were raised, indicating a generally stable but not sharply improving outlook.
• Neutral Sentiment: Recent preview articles focused on whether key operating metrics would confirm the earnings outlook, but the main catalyst became the actual quarterly beat rather than any new guidance change.

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.