Keefe, Bruyette & Woods Issues Positive Forecast for Selective Insurance Group (NASDAQ:SIGI) Stock Price

Selective Insurance Group (NASDAQ:SIGI) had its price target increased by Keefe, Bruyette & Woods from $84.00 to $88.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Selective Insurance Group in a report on Monday, March 23rd. Piper Sandler increased their price objective on shares of Selective Insurance Group from $79.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Selective Insurance Group in a research report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.40.

Selective Insurance Group Stock Down 2.3%

Shares of Selective Insurance Group stock opened at $82.48 on Friday. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 11.28 and a beta of 0.26. Selective Insurance Group has a twelve month low of $71.75 and a twelve month high of $91.63. The company has a current ratio of 0.30, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The business’s 50 day simple moving average is $79.66 and its 200-day simple moving average is $80.95.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.12). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. Equities research analysts forecast that Selective Insurance Group will post 7.68 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 15th. Selective Insurance Group’s payout ratio is 22.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Eurizon Capital SGR S.p.A. bought a new stake in shares of Selective Insurance Group during the fourth quarter valued at about $25,000. Los Angeles Capital Management LLC bought a new position in Selective Insurance Group in the 4th quarter valued at about $25,000. First Horizon Corp acquired a new position in Selective Insurance Group during the 3rd quarter valued at about $29,000. True Wealth Design LLC increased its stake in Selective Insurance Group by 45.9% during the 4th quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock valued at $34,000 after buying an additional 129 shares during the period. Finally, Amundi raised its position in shares of Selective Insurance Group by 398.7% during the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after buying an additional 311 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Trending Headlines about Selective Insurance Group

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

• Positive Sentiment: Analyst price-target increase — Keefe, Bruyette & Woods raised its SIGI target from $84 to $88 and kept a “market perform” rating, giving modest upside potential and signaling some confidence in the outlook. Article Title
• Positive Sentiment: Dividend announced — SIGI declared a $0.43 quarterly dividend (record May 15; pay June 1), supporting income-oriented investors (roughly a 2% yield). (Company announcement)
• Positive Sentiment: Reaffirmed 2026 targets — Management reiterated a GAAP combined ratio range of 96.5%–97.5% and after-tax net investment income guidance of $465M, providing some stability around financial targets despite a tougher casualty market. Article Title
• Neutral Sentiment: Top-line and investment income — Revenue was up year-over-year and investment income showed strong gains in Q1, which offsets some underwriting weakness. Article Title
• Neutral Sentiment: Market commentary and Q1 deep dive pieces offer context on margin discipline and portfolio moves amid competitive conditions. Article Title
• Negative Sentiment: EPS miss and underwriting pressure — Q1 EPS of $1.69 missed consensus (~$1.81); management cited catastrophe and underwriting headwinds. That miss is a primary reason investors are selling. Article Title
• Negative Sentiment: Claims inflation and reserve increases — Coverage: analysts highlight elevated loss picks, reserve charges and rising costs in commercial auto and general liability, which raise the risk of further underwriting deterioration. Article Title

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.