Deutsche Bank AG Has $18.15 Million Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Deutsche Bank AG lifted its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,105 shares of the insurance provider's stock after acquiring an additional 41,828 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Selective Insurance Group worth $18,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Boston Trust Walden Corp raised its holdings in shares of Selective Insurance Group by 8.7% in the fourth quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider's stock valued at $98,694,000 after buying an additional 84,341 shares during the last quarter. Northern Trust Corp raised its stake in shares of Selective Insurance Group by 9.3% in the fourth quarter. Northern Trust Corp now owns 1,052,142 shares of the insurance provider's stock worth $98,396,000 after acquiring an additional 89,692 shares during the last quarter. Norges Bank acquired a new position in shares of Selective Insurance Group during the fourth quarter worth approximately $93,409,000. Charles Schwab Investment Management Inc. grew its stake in shares of Selective Insurance Group by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 884,230 shares of the insurance provider's stock valued at $82,693,000 after purchasing an additional 16,539 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Selective Insurance Group by 15.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 828,327 shares of the insurance provider's stock valued at $77,465,000 after purchasing an additional 110,381 shares in the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SIGI shares. StockNews.com raised Selective Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Morgan Stanley boosted their price target on shares of Selective Insurance Group from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods reduced 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. Finally, BMO Capital Markets upped 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 report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $94.00.

Insider Buying and Selling at Selective Insurance Group

In related news, CAO Anthony D. Harnett sold 1,352 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 15,946 shares of the company's stock, valued at approximately $1,388,258.76. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Selective Insurance Group Stock Down 0.3%

SIGI stock traded down $0.29 during mid-day trading on Tuesday, hitting $89.37. 38,549 shares of the company were exchanged, compared to its average volume of 384,964. 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 1-year low of $78.13 and a 1-year high of $103.56. The firm's 50 day simple moving average is $88.62 and its 200 day simple moving average is $90.68. The firm has a market cap of $5.43 billion, a P/E ratio of 27.69 and a beta of 0.51.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.10). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates 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 revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, sell-side analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, May 15th. Selective Insurance Group's dividend payout ratio is presently 41.42%.

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.