Universal Beteiligungs und Servicegesellschaft mbH Takes $3.60 Million Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,351 shares of the insurance provider's stock, valued at approximately $3,602,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Selective Insurance Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIGI. Olde Wealth Management LLC purchased a new position in shares of Selective Insurance Group during the 1st quarter valued at about $28,000. Quarry LP purchased a new position in shares of Selective Insurance Group during the 4th quarter valued at about $38,000. Toth Financial Advisory Corp purchased a new position in shares of Selective Insurance Group during the 1st quarter valued at about $41,000. Signaturefd LLC raised its stake in shares of Selective Insurance Group by 58.7% during the 1st quarter. Signaturefd LLC now owns 673 shares of the insurance provider's stock valued at $62,000 after buying an additional 249 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Selective Insurance Group by 116.3% during the 1st quarter. UMB Bank n.a. now owns 928 shares of the insurance provider's stock valued at $85,000 after buying an additional 499 shares during the last quarter. Institutional investors and hedge funds own 82.88% of the company's stock.

Selective Insurance Group Price Performance

NASDAQ SIGI traded down $0.41 during trading hours on Friday, reaching $77.57. The company's stock had a trading volume of 193,378 shares, compared to its average volume of 448,934. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 12.70 and a beta of 0.48. Selective Insurance Group, Inc. has a 1-year low of $71.75 and a 1-year high of $103.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The company's 50-day moving average is $85.74 and its two-hundred day moving average is $86.98.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $1.31 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.24). Selective Insurance Group had a return on equity of 12.61% and a net margin of 7.50%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the firm posted ($1.10) earnings per share. On average, equities analysts predict 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 Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 15th. Selective Insurance Group's payout ratio is 24.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price objective on Selective Insurance Group from $90.00 to $86.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Wall Street Zen upgraded Selective Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods cut their price target on Selective Insurance Group from $92.00 to $84.00 and set a "market perform" rating for the company in a research note on Monday. Piper Sandler reduced their price target on Selective Insurance Group from $88.00 to $79.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, BMO Capital Markets upped their price target on Selective Insurance Group from $92.00 to $96.00 and gave the stock an "outperform" rating in a 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 issued a buy rating to the company. According to MarketBeat.com, Selective Insurance Group presently has a consensus rating of "Hold" and an average price target of $91.00.

Insider Transactions at Selective Insurance Group

In other news, Director Thomas A. Mccarthy acquired 2,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was bought at an average cost of $77.42 per share, for a total transaction of $193,550.00. Following the purchase, the director owned 18,746 shares in the company, valued at approximately $1,451,315.32. This represents a 15.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph Eppers acquired 1,402 shares of the business's stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $76.82 per share, with a total value of $107,701.64. Following the completion of the purchase, the executive vice president owned 12,492 shares in the company, valued at $959,635.44. This represents a 12.64% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 9,102 shares of company stock valued at $701,940 in the last 90 days. Corporate 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.