Zacks Research Has Negative Forecast for SIGI Q1 Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Stock analysts at Zacks Research cut their Q1 2026 earnings per share estimates for Selective Insurance Group in a research report issued to clients and investors on Tuesday, May 27th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings per share of $2.00 for the quarter, down from their previous estimate of $2.09. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2026 earnings at $8.18 EPS, Q1 2027 earnings at $2.30 EPS and FY2027 earnings at $8.81 EPS.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.10). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 earnings per share.

Several other analysts have also recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Selective Insurance Group from $93.00 to $92.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley increased their price target on Selective Insurance Group from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Wall Street Zen upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Finally, BMO Capital Markets upped their price objective on Selective Insurance Group from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.00.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGI opened at $88.07 on Thursday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 27.35 and a beta of 0.51. The firm has a fifty day moving average price of $88.36 and a 200 day moving average price of $90.14. Selective Insurance Group has a fifty-two week low of $78.13 and a fifty-two week high of $103.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 15th. Selective Insurance Group’s dividend payout ratio (DPR) is 41.42%.

Insider Activity

In related news, CAO Anthony D. Harnett sold 1,352 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $87.06, for a total transaction of $117,705.12. Following the transaction, the chief accounting officer now directly owns 15,946 shares in the company, valued at approximately $1,388,258.76. This represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Selective Insurance Group

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in Selective Insurance Group by 0.7% during the 4th quarter. Arizona State Retirement System now owns 17,628 shares of the insurance provider’s stock valued at $1,649,000 after purchasing an additional 123 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in Selective Insurance Group by 3.0% during the first quarter. Frank Rimerman Advisors LLC now owns 4,728 shares of the insurance provider’s stock worth $433,000 after buying an additional 136 shares during the period. Pacer Advisors Inc. boosted its position in Selective Insurance Group by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider’s stock valued at $847,000 after acquiring an additional 137 shares in the last quarter. Martingale Asset Management L P boosted its position in Selective Insurance Group by 0.5% during the 1st quarter. Martingale Asset Management L P now owns 28,140 shares of the insurance provider’s stock valued at $2,576,000 after acquiring an additional 141 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Selective Insurance Group by 3.8% in the 4th quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider’s stock valued at $369,000 after acquiring an additional 145 shares during the period. Institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.