M&T Bank Corp Has $4.91 Million Holdings in Selective Insurance Group, Inc. $SIGI

M&T Bank Corp increased its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 1,581.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,659 shares of the insurance provider's stock after buying an additional 55,170 shares during the quarter. M&T Bank Corp owned 0.10% of Selective Insurance Group worth $4,908,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SIGI. AQR Capital Management LLC grew its position in Selective Insurance Group by 174.6% in the second quarter. AQR Capital Management LLC now owns 1,593,645 shares of the insurance provider's stock valued at $137,340,000 after acquiring an additional 1,013,371 shares during the period. American Century Companies Inc. lifted its holdings in shares of Selective Insurance Group by 1,299.9% during the third quarter. American Century Companies Inc. now owns 301,965 shares of the insurance provider's stock valued at $24,480,000 after acquiring an additional 280,395 shares during the period. First Trust Advisors LP boosted its stake in shares of Selective Insurance Group by 657.3% in the 3rd quarter. First Trust Advisors LP now owns 305,629 shares of the insurance provider's stock valued at $24,777,000 after purchasing an additional 265,270 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Selective Insurance Group by 91.2% in the 3rd quarter. Tributary Capital Management LLC now owns 552,650 shares of the insurance provider's stock valued at $44,803,000 after purchasing an additional 263,631 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Selective Insurance Group by 40.0% in the 2nd quarter. Bank of America Corp DE now owns 725,980 shares of the insurance provider's stock worth $62,906,000 after purchasing an additional 207,258 shares during the last quarter. Institutional investors and hedge funds own 82.88% of the company's stock.

Selective Insurance Group Price Performance

Shares of SIGI stock opened at $82.48 on Monday. Selective Insurance Group, Inc. has a 52 week low of $71.75 and a 52 week high of $91.63. The stock has a market capitalization of $4.94 billion, a PE ratio of 11.28 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.30. The stock's fifty day moving average is $79.66 and its 200-day moving average is $80.90.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. Selective Insurance Group had a net margin of 8.39% and a return on equity of 13.71%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. Equities research analysts expect that Selective Insurance Group, Inc. will post 7.68 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.1%. Selective Insurance Group's payout ratio is currently 23.53%.

Selective Insurance Group News Roundup

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SIGI. Royal Bank Of Canada reiterated an "outperform" rating and set a $95.00 target price on shares of Selective Insurance Group in a research report on Monday, March 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Selective Insurance Group from $84.00 to $88.00 and gave the stock a "market perform" rating in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Selective Insurance Group in a report on Wednesday, March 25th. Finally, Piper Sandler lifted their target price on shares of Selective Insurance Group from $79.00 to $86.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $84.40.

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.

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