Vest Financial LLC Sells 20,068 Shares of Selective Insurance Group, Inc. $SIGI

Vest Financial LLC lessened its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,949 shares of the insurance provider's stock after selling 20,068 shares during the period. Vest Financial LLC owned approximately 0.12% of Selective Insurance Group worth $5,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SIGI. Nisa Investment Advisors LLC raised its position in Selective Insurance Group by 6.4% during the third quarter. Nisa Investment Advisors LLC now owns 17,776 shares of the insurance provider's stock valued at $1,486,000 after acquiring an additional 1,064 shares in the last quarter. IFP Advisors Inc lifted its holdings in Selective Insurance Group by 51.3% in the third quarter. IFP Advisors Inc now owns 596 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 202 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Selective Insurance Group in the 3rd quarter worth approximately $494,000. Farther Finance Advisors LLC boosted its position in Selective Insurance Group by 51.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 812 shares of the insurance provider's stock worth $68,000 after purchasing an additional 275 shares in the last quarter. Finally, Cim Investment Management Inc. grew its stake in shares of Selective Insurance Group by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 5,476 shares of the insurance provider's stock worth $531,000 after purchasing an additional 378 shares during the period. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Lanza sold 17,100 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the completion of the sale, the executive vice president directly owned 16,565 shares of the company's stock, valued at approximately $1,557,772.60. This trade represents a 50.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Selective Insurance Group from $105.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, September 28th. Wall Street Zen upgraded Selective Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada upped their price target on Selective Insurance Group from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Oppenheimer reiterated an "outperform" rating and set a $115.00 price target on shares of Selective Insurance Group in a research report on Tuesday, October 13th. Finally, Weiss Ratings lowered Selective Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Selective Insurance Group has a consensus rating of "Hold" and a consensus target price of $101.00.

Selective Insurance Group News Roundup

Here are the key news stories impacting Selective Insurance Group this week:

• Positive Sentiment: Third-quarter adjusted earnings were $2.37 per share, exceeding the $1.91 consensus estimate and rising from $1.75 a year earlier. Total revenue of approximately $1.33 billion also exceeded the cited analyst estimate of $1.17 billion. Selective Insurance Q3 Earnings Top Estimates
• Positive Sentiment: After-tax net investment income increased 16% year over year to $127.3 million, supporting quarterly net income of $126.4 million, up 12% from the prior year. Selective Reports Q3 Net Income
• Positive Sentiment: Management raised its after-tax net investment income outlook to $490 million for 2026 and maintained a favorable full-year GAAP combined-ratio outlook of 96.5% to 97.5%. Selective 2026 Outlook
• Positive Sentiment: The board increased the quarterly dividend 11.6% to $0.48 per share and authorized a new $200 million share-repurchase program, signaling confidence in cash generation and potentially supporting per-share value.
• Neutral Sentiment: Selective appointed Jacob E. Rothfuss as executive vice president and president of Standard Lines, effective no later than April 2027. The leadership change is unlikely to materially affect the stock immediately. Selective Leadership Appointment
• Negative Sentiment: Net premiums written declined 7% year over year and total revenue fell 2%, highlighting slower underlying premium growth despite the earnings beat and stronger investment results.

Selective Insurance Group Stock Performance

NASDAQ SIGI opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. The stock's 50 day simple moving average is $88.87 and its 200-day simple moving average is $89.81. The company has a market cap of $5.76 billion, a PE ratio of 11.61 and a beta of 0.26. Selective Insurance Group, Inc. has a 1-year low of $72.78 and a 1-year high of $101.25.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The insurance provider reported $2.37 EPS for the quarter, topping the consensus estimate of $1.91 by $0.46. Selective Insurance Group had a return on equity of 15.40% and a net margin of 9.40%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the business earned $1.85 earnings per share. As a group, equities research analysts anticipate that Selective Insurance Group, Inc. will post 8.20 EPS for the current fiscal year.

Selective Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, November 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Selective Insurance Group's previous quarterly dividend of $0.43. Selective Insurance Group's payout ratio is 21.34%.

Selective Insurance Group Profile

Selective Insurance Group, Inc is a holding company for a group of property and casualty insurance subsidiaries. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides insurance products and related services primarily through a network of independent agents.

Selective serves commercial, personal and public-sector customers. Its commercial offerings include business owners policies, commercial automobile, workers' compensation, general liability, commercial property and other specialty coverages.

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