Selective Insurance Group (NASDAQ:SIGI) Releases Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Selective Insurance Group (NASDAQ:SIGI) announced its earnings results on Thursday. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29, FiscalAI reports. Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.

Selective Insurance Group Price Performance

Selective Insurance Group stock traded up $1.71 during midday trading on Thursday, reaching $97.79. 843,230 shares of the stock traded hands, compared to its average volume of 569,646. The stock has a market cap of $5.85 billion, a P/E ratio of 13.38 and a beta of 0.29. The stock’s fifty 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 12 month low of $71.75 and a 12 month high of $100.40.

Key Selective Insurance Group News

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

• Positive Sentiment: Selective Insurance Group reported quarterly EPS of $1.95, beating analyst expectations of $1.66 by $0.29. The strong earnings result suggests solid underwriting performance and profitability. Selective Insurance Group earnings report
• Neutral Sentiment: Zacks Research made only modest adjustments to Selective Insurance Group’s outlook, including small cuts to FY2026 and some 2026/2027 quarter estimates, while nudging one Q1 2028 estimate slightly higher. These changes are unlikely to outweigh the immediate earnings beat. Zacks Research estimate update
• Neutral Sentiment: Before the report, market coverage focused on what to expect from SIGI’s upcoming Q2 results, indicating investors were already watching the release closely. Selective Insurance Group earnings preview

Hedge Funds Weigh In On Selective Insurance Group

Several institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased 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 buying an additional 1,462,838 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Selective Insurance Group by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,692 shares of the insurance provider’s stock worth $110,004,000 after purchasing an additional 44,305 shares during the period. First Trust Advisors LP lifted its position in Selective Insurance Group by 239.1% in the fourth quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider’s stock worth $86,726,000 after buying an additional 730,890 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Selective Insurance Group by 2.9% during the fourth quarter. Janus Henderson Group PLC now owns 782,425 shares of the insurance provider’s stock worth $65,465,000 after buying an additional 21,990 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Selective Insurance Group by 40.0% during the 2nd quarter. Bank of America Corp DE now owns 725,980 shares of the insurance provider’s stock worth $62,906,000 after acquiring an additional 207,258 shares during the last quarter. Institutional investors own 82.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SIGI. Oppenheimer boosted their price target on Selective Insurance Group from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $84.00 to $97.00 in a research note on Thursday, May 7th. Morgan Stanley increased their target price on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Selective Insurance Group from $88.00 to $101.00 and gave the company a “market perform” rating in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Selective Insurance Group has an average rating of “Hold” and an average price target of $99.33.

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.