UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $18.93 Million Stake in Selective Insurance Group, Inc. (NASDAQ:SIGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,460 shares of the insurance provider's stock after purchasing an additional 22,712 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Selective Insurance Group worth $18,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Selective Insurance Group during the 4th quarter valued at $25,000. Quarry LP acquired a new stake in Selective Insurance Group during the 4th quarter valued at $38,000. Roxbury Financial LLC acquired a new stake in Selective Insurance Group during the 4th quarter valued at $180,000. Smartleaf Asset Management LLC boosted its position in Selective Insurance Group by 12.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,132 shares of the insurance provider's stock valued at $199,000 after buying an additional 232 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Selective Insurance Group in the 4th quarter valued at $200,000. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Trading Up 0.6%

Shares of NASDAQ:SIGI traded up $0.56 during midday trading on Friday, hitting $88.07. The company had a trading volume of 620,241 shares, compared to its average volume of 387,759. Selective Insurance Group, Inc. has a 12 month low of $78.13 and a 12 month high of $103.56. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 27.35 and a beta of 0.51. The firm has a fifty day simple moving average of $88.36 and a 200 day simple moving average of $90.14.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly 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). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

The firm also recently announced 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 is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.73%. Selective Insurance Group's dividend payout ratio is presently 41.42%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SIGI. Keefe, Bruyette & Woods decreased their price objective on Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets increased their price objective on Selective Insurance Group from $92.00 to $96.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Morgan Stanley increased their price objective on Selective Insurance Group from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded Selective Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Selective Insurance Group has an average rating of "Hold" and a consensus target price of $94.00.

Insiders Place Their Bets

In other Selective Insurance Group news, CAO Anthony D. Harnett sold 1,352 shares of Selective Insurance Group stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $87.06, for a total transaction of $117,705.12. Following the transaction, the chief accounting officer now directly owns 15,946 shares in the company, valued at approximately $1,388,258.76. The trade was a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

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.