Zacks Research Issues Negative Forecast for SIGI Earnings

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Zacks Research cut their Q3 2026 earnings per share estimates for shares of Selective Insurance Group in a research note issued to investors on Tuesday, September 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $1.81 per share for the quarter, down from their previous forecast of $1.82. The consensus estimate for Selective Insurance Group’s current full-year earnings is $8.12 per share. Zacks Research also issued estimates for Selective Insurance Group’s Q4 2026 earnings at $2.58 EPS and FY2026 earnings at $8.04 EPS.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Selective Insurance Group had a return on equity of 14.51% and a net margin of 9.10%.During the same quarter in the prior year, the business posted $1.31 EPS.

A number of other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Selective Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods raised their target price on shares of Selective Insurance Group from $101.00 to $102.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Morgan Stanley lifted their price target on Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Oppenheimer upped their price objective on Selective Insurance Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Piper Sandler raised their price objective on Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Selective Insurance Group currently has an average rating of “Hold” and a consensus target price of $100.33.

Selective Insurance Group Price Performance

Shares of SIGI opened at $90.12 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $94.53 and its 200 day simple moving average is $87.86. Selective Insurance Group has a 1-year low of $72.78 and a 1-year high of $100.40. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 11.18 and a beta of 0.29.

Hedge Funds Weigh In On Selective Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Selective Insurance Group in the 2nd quarter valued at $754,557,000. California State Teachers Retirement System increased its position in Selective Insurance Group by 9,333.8% during the second quarter. California State Teachers Retirement System now owns 6,916,231 shares of the insurance provider’s stock worth $670,944,000 after acquiring an additional 6,842,918 shares during the period. AQR Capital Management LLC raised its stake in 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 purchasing an additional 1,462,838 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Selective Insurance Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,660,758 shares of the insurance provider’s stock valued at $138,976,000 after purchasing an additional 8,580 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Selective Insurance Group by 33.3% during the 1st quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider’s stock worth $104,179,000 after purchasing an additional 345,348 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Lanza sold 17,100 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total value of $1,608,084.00. Following the transaction, the executive vice president owned 16,565 shares in the company, valued at approximately $1,557,772.60. This represents a 50.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.72 annualized dividend and a dividend yield of 1.9%. Selective Insurance Group’s payout ratio is presently 21.34%.

Selective Insurance Group News Roundup

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

• Positive Sentiment: Selective will present at the 2026 Keefe, Bruyette & Woods Insurance Conference, providing management an opportunity to discuss business trends and financial performance with investors. Selective to Present at the 2026 Keefe, Bruyette & Woods Insurance Conference
• Neutral Sentiment: Zacks Research reduced its fourth-quarter 2026 EPS estimate to $2.58 from $2.59 and its full-year 2026 forecast to $8.04 from $8.05. The revised FY2026 estimate is also below the broader consensus of $8.12 per share.
• Negative Sentiment: Zacks lowered its third-quarter 2026 EPS estimate to $1.81 from $1.82 and trimmed its FY2027 forecast to $8.72 from $8.74. It also reduced estimates for FY2028 to $9.01 from $9.02, along with several quarterly forecasts for 2027 and 2028.

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.