Selective Insurance Group (NASDAQ:SIGI – Get Free Report) released its quarterly earnings results on Thursday. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.66 by $0.29, FiscalAI reports. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%.
Selective Insurance Group Price Performance
Shares of SIGI stock traded up $1.71 during mid-day trading on Thursday, hitting $97.79. The company had a trading volume of 842,527 shares, compared to its average volume of 569,646. Selective Insurance Group has a 52-week low of $71.75 and a 52-week high of $100.40. The stock’s 50 day moving average price is $92.71 and its 200-day moving average price is $85.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $5.85 billion, a P/E ratio of 13.38 and a beta of 0.29.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Selective Insurance Group from $88.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Piper Sandler upped their target price on shares of Selective Insurance Group from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Selective Insurance Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Morgan Stanley lifted their price target on shares of Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada upped their price objective on Selective Insurance Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Three 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.33.
Institutional Investors Weigh In On Selective Insurance Group
Several large investors have recently made changes to their positions in SIGI. AQR Capital Management LLC raised its holdings in shares of Selective Insurance Group by 56.3% during the 4th quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock worth $339,662,000 after acquiring an additional 1,462,838 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of 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 valued at $86,726,000 after purchasing an additional 730,890 shares in the last quarter. Bank of America Corp DE increased its position in Selective Insurance Group by 40.0% in the second quarter. Bank of America Corp DE now owns 725,980 shares of the insurance provider’s stock worth $62,906,000 after purchasing an additional 207,258 shares during the last quarter. Franklin Resources Inc. increased its position in Selective Insurance Group by 58.9% in the third quarter. Franklin Resources Inc. now owns 552,880 shares of the insurance provider’s stock worth $44,822,000 after purchasing an additional 204,947 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Selective Insurance Group during the third quarter valued at $14,700,000. 82.88% of the stock is owned by institutional investors.
Key Headlines Impacting Selective Insurance Group
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
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.
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