Selective Insurance Group, Inc. (NASDAQ:SIGI) Stock Holdings Increased by Algert Global LLC

Algert Global LLC boosted its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 160.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,431 shares of the insurance provider's stock after buying an additional 45,235 shares during the period. Algert Global LLC owned 0.12% of Selective Insurance Group worth $6,867,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SIGI. R Squared Ltd acquired a new stake in shares of Selective Insurance Group in the fourth quarter valued at approximately $25,000. Quarry LP bought a new position in Selective Insurance Group in the 4th quarter worth approximately $38,000. UMB Bank n.a. increased its position in Selective Insurance Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Selective Insurance Group by 957.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 402 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Selective Insurance Group by 64.4% during the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock worth $45,000 after acquiring an additional 190 shares during the period. Institutional investors own 82.88% of the company's stock.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGI traded down $0.03 during trading hours on Friday, hitting $89.78. 324,606 shares of the company's stock traded hands, compared to its average volume of 383,939. The company's fifty day simple moving average is $88.12 and its two-hundred day simple moving average is $90.80. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 27.88 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. Selective Insurance Group, Inc. has a 52 week low of $78.13 and a 52 week high of $103.56.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.10). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 earnings per share. As a group, equities analysts anticipate that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.69%. Selective Insurance Group's payout ratio is presently 41.42%.

Insiders Place Their Bets

In related news, CAO Anthony D. Harnett sold 1,352 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $87.06, for a total value of $117,705.12. Following the completion of the sale, the chief accounting officer now owns 15,946 shares in the company, valued at approximately $1,388,258.76. This represents a 7.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. BMO Capital Markets raised their target price on shares of Selective Insurance Group from $92.00 to $96.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Morgan Stanley dropped their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $93.50.

Selective Insurance Group Company Profile

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.