Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 142.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,902 shares of the insurance provider's stock after purchasing an additional 5,814 shares during the quarter. Hsbc Holdings PLC's holdings in Selective Insurance Group were worth $928,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of 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 buying an additional 72,530 shares in the last quarter. Franklin Resources Inc. lifted its stake in Selective Insurance Group by 38.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider's stock valued at $603,000 after acquiring an additional 1,747 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Selective Insurance Group by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider's stock valued at $37,801,000 after acquiring an additional 7,563 shares during the last quarter. GAMMA Investing LLC lifted its stake in Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock valued at $45,000 after acquiring an additional 190 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Selective Insurance Group by 6.3% in the fourth quarter. Heritage Family Offices LLP now owns 3,255 shares of the insurance provider's stock valued at $304,000 after buying an additional 193 shares during the last quarter. Institutional investors own 82.88% of the company's stock.

Selective Insurance Group Stock Down 0.4 %

Shares of SIGI traded down $0.34 on Friday, hitting $89.47. 90,063 shares of the stock traded hands, compared to its average volume of 383,023. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $103.56. The business has a 50 day simple moving average of $88.04 and a 200 day simple moving average of $90.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $5.44 billion, a PE ratio of 27.79 and a beta of 0.51.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.10). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. As a group, equities analysts forecast that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Thursday, May 15th. Selective Insurance Group's dividend payout ratio is presently 41.42%.

Insider Buying and Selling

In other news, CAO Anthony D. Harnett sold 1,352 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $87.06, for a total value of $117,705.12. Following the transaction, the chief accounting officer now owns 15,946 shares in the company, valued at $1,388,258.76. This trade represents a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on SIGI shares. Keefe, Bruyette & Woods reduced their target price on Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their target price on Selective Insurance Group from $92.00 to $96.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Selective Insurance Group has a consensus rating of "Hold" and an average target price of $93.50.

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.