Zacks Research Weighs in on Selective Insurance Group, Inc.’s Q1 2025 Earnings (NASDAQ:SIGI)

Selective Insurance Group, Inc. (NASDAQ:SIGI) – Equities researchers at Zacks Research raised their Q1 2025 earnings estimates for shares of Selective Insurance Group in a research report issued to clients and investors on Wednesday, April 10th. Zacks Research analyst R. Department now anticipates that the insurance provider will earn $2.17 per share for the quarter, up from their previous forecast of $2.15. The consensus estimate for Selective Insurance Group’s current full-year earnings is $7.67 per share. Zacks Research also issued estimates for Selective Insurance Group’s FY2025 earnings at $8.40 EPS.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Selective Insurance Group had a net margin of 8.57% and a return on equity of 14.43%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion.

A number of other equities research analysts have also commented on SIGI. Oppenheimer reissued an “outperform” rating and set a $120.00 price objective on shares of Selective Insurance Group in a report on Friday, April 5th. Royal Bank of Canada cut their target price on shares of Selective Insurance Group from $108.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Piper Sandler restated a “neutral” rating and set a $104.00 target price on shares of Selective Insurance Group in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods cut their target price on shares of Selective Insurance Group from $111.00 to $109.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.17.

Selective Insurance Group Stock Down 0.9 %

SIGI opened at $101.19 on Monday. Selective Insurance Group has a twelve month low of $91.99 and a twelve month high of $109.58. The firm’s 50-day simple moving average is $103.48 and its 200-day simple moving average is $102.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.75 and a beta of 0.55.

Institutional Investors Weigh In On Selective Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors L.P. lifted its holdings in shares of Selective Insurance Group by 6.3% during the third quarter. Natixis Advisors L.P. now owns 89,197 shares of the insurance provider’s stock worth $9,203,000 after buying an additional 5,289 shares in the last quarter. Boston Trust Walden Corp raised its stake in Selective Insurance Group by 1.8% in the fourth quarter. Boston Trust Walden Corp now owns 983,020 shares of the insurance provider’s stock valued at $97,791,000 after purchasing an additional 17,800 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Selective Insurance Group by 45.6% in the third quarter. Envestnet Asset Management Inc. now owns 94,670 shares of the insurance provider’s stock valued at $9,767,000 after purchasing an additional 29,662 shares in the last quarter. Vanguard Group Inc. raised its stake in Selective Insurance Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 6,165,209 shares of the insurance provider’s stock valued at $636,065,000 after purchasing an additional 41,639 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Selective Insurance Group by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 14,581 shares of the insurance provider’s stock valued at $1,451,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Insider Activity at Selective Insurance Group

In related news, COO Brenda M. Hall sold 2,626 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.88, for a total value of $278,040.88. Following the completion of the transaction, the chief operating officer now directly owns 10,511 shares of the company’s stock, valued at $1,112,904.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. Selective Insurance Group’s dividend payout ratio is presently 24.01%.

About Selective Insurance Group

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.