Selective Insurance Group, Inc. (NASDAQ:SIGI) Stock Holdings Lessened by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 423,984 shares of the insurance provider's stock after selling 21,395 shares during the quarter. Champlain Investment Partners LLC owned approximately 0.70% of Selective Insurance Group worth $39,651,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SIGI. R Squared Ltd acquired a new stake in Selective Insurance Group in the 4th quarter worth approximately $25,000. UMB Bank n.a. lifted its position in shares of Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock valued at $40,000 after buying an additional 116 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Selective Insurance Group by 957.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC lifted its position in Selective Insurance Group by 64.4% during the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock worth $45,000 after purchasing an additional 190 shares during the period. Finally, Roxbury Financial LLC acquired a new position in shares of Selective Insurance Group during the fourth quarter worth $180,000. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Trading Down 0.7 %

Shares of SIGI traded down $0.63 during mid-day trading on Wednesday, reaching $90.69. The stock had a trading volume of 113,969 shares, compared to its average volume of 384,458. Selective Insurance Group, Inc. has a 52-week low of $78.13 and a 52-week high of $104.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 28.16 and a beta of 0.45. The business's fifty day moving average is $86.55 and its 200 day moving average is $91.37.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. On average, sell-side analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.68%. Selective Insurance Group's payout ratio is 47.20%.

Analysts Set New Price Targets

SIGI has been the topic of several research analyst reports. Morgan Stanley cut their price objective on 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. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Selective Insurance Group has an average rating of "Hold" and a consensus target price of $95.17.

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.