Selective Insurance Group, Inc. (NASDAQ:SIGI) Receives Average Recommendation of “Hold” from Brokerages

Selective Insurance Group, Inc. (NASDAQ:SIGI) has earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $99.3333.

SIGI has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on shares of Selective Insurance Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Oppenheimer lifted their price objective on Selective Insurance Group from $100.00 to $105.00 and gave the stock 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 lifted their price objective for the stock from $84.00 to $97.00 in a report on Thursday, May 7th. Weiss Ratings raised Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Morgan Stanley increased their target price on Selective Insurance Group from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Monday, July 6th.

Selective Insurance Group Trading Down 1.5%

Shares of SIGI opened at $96.33 on Friday. Selective Insurance Group has a fifty-two week low of $72.78 and a fifty-two week high of $100.40. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 11.95 and a beta of 0.29. The firm has a 50 day moving average price of $93.11 and a 200-day moving average price of $85.87. 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 released its earnings results on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.66 by $0.29. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.30 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.62%. During the same quarter last year, the firm earned $1.31 EPS. As a group, equities research analysts forecast that Selective Insurance Group will post 7.84 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.43 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.72 annualized dividend and a yield of 1.8%. Selective Insurance Group’s payout ratio is presently 21.34%.

Key Headlines Impacting Selective Insurance Group

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

• Positive Sentiment: Q2 earnings and revenue beat expectations. SIGI reported EPS of $1.95 versus estimates around $1.66-$1.72, and revenue of $1.39 billion versus the $1.30 billion consensus, helped by stronger underwriting results and investment income. Article Title
• Positive Sentiment: Management raised its investment income outlook. The company increased its 2026 investment income forecast, which suggests a better earnings tailwind ahead. Article Title
• Neutral Sentiment: The dividend announcement supports the income profile. SIGI declared a quarterly dividend of $0.43 per share, keeping the stock attractive to income-focused investors.
• Neutral Sentiment: Analyst actions were mixed. Some Zacks estimates were trimmed, while others were increased, which may have tempered enthusiasm despite the strong quarter.
• Negative Sentiment: Market reaction suggests profit-taking or caution. Despite the earnings beat, the stock has declined as investors may be looking past the quarter and focusing on valuation, forward guidance, or broader insurance-sector sentiment.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new stake in Selective Insurance Group during the 4th quarter valued at $25,000. Los Angeles Capital Management LLC purchased a new stake in Selective Insurance Group during the 4th quarter valued at $25,000. True Wealth Design LLC grew its holdings in Selective Insurance Group by 45.9% in the 4th quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Amundi grew its holdings in Selective Insurance Group by 398.7% in the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 311 shares during the last quarter. Finally, First Horizon Corp increased its position in shares of Selective Insurance Group by 52.8% in the fourth quarter. First Horizon Corp now owns 550 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 190 shares during the period. Institutional investors own 82.88% of the company’s stock.

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.