UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,460 shares of the insurance provider's stock after buying an additional 22,712 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of Selective Insurance Group worth $18,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SIGI. Barclays PLC boosted its stake in Selective Insurance Group by 171.6% during the third quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock worth $10,711,000 after acquiring an additional 72,530 shares in the last quarter. Sei Investments Co. boosted its position in shares of Selective Insurance Group by 151.9% during the 4th quarter. Sei Investments Co. now owns 83,562 shares of the insurance provider's stock worth $7,815,000 after purchasing an additional 50,386 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Selective Insurance Group by 8.7% during the 4th quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider's stock worth $98,694,000 after purchasing an additional 84,341 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Selective Insurance Group by 1.5% in the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock valued at $847,000 after buying an additional 137 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Selective Insurance Group in the 4th quarter valued at about $2,338,000. Institutional investors own 82.88% of the company's stock.

Selective Insurance Group Stock Up 1.3%

SIGI traded up $1.16 during midday trading on Monday, reaching $89.18. 439,689 shares of the company were exchanged, compared to its average volume of 388,273. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 27.70 and a beta of 0.51. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $103.56. The company's fifty day moving average price is $88.34 and its 200 day moving average price is $89.94. 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 (NASDAQ:SIGI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.10). The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.30 billion. Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. As a group, analysts expect that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

The company 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. 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 41.42%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SIGI. Keefe, Bruyette & Woods dropped their price target on 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. Wall Street Zen upgraded Selective Insurance Group from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Morgan Stanley increased their target price on Selective Insurance Group from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, BMO Capital Markets lifted their price target 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Selective Insurance Group presently has an average rating of "Hold" and an average price target of $94.00.

Insider Transactions at Selective Insurance Group

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

Selective Insurance Group 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.