Invesco Ltd. Sells 26,700 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Invesco Ltd. reduced its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,079 shares of the insurance provider's stock after selling 26,700 shares during the quarter. Invesco Ltd. owned about 0.54% of Selective Insurance Group worth $30,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its stake in shares of Selective Insurance Group by 171.6% in the 3rd quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock valued at $10,711,000 after buying an additional 72,530 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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. Franklin Resources Inc. raised its holdings in Selective Insurance Group by 38.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider's stock worth $603,000 after purchasing an additional 1,747 shares during the last quarter. HighTower Advisors LLC raised its holdings in Selective Insurance Group by 8.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,984 shares of the insurance provider's stock worth $376,000 after purchasing an additional 307 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Selective Insurance Group by 51.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,211 shares of the insurance provider's stock valued at $412,000 after purchasing an additional 1,438 shares during the period. Institutional investors and hedge funds own 82.88% of the company's stock.

Selective Insurance Group Trading Down 0.0 %

NASDAQ:SIGI traded down $0.02 during trading hours on Wednesday, hitting $91.30. The stock had a trading volume of 50,278 shares, compared to its average volume of 384,205. The business's 50 day moving average is $86.55 and its 200-day moving average is $91.37. 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 cap of $5.55 billion, a price-to-earnings ratio of 28.35 and a beta of 0.45. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $104.67.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. Sell-side analysts anticipate that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SIGI shares. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. Finally, Morgan Stanley reduced their price target on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Selective Insurance Group presently has an average rating of "Hold" and a consensus target price of $95.17.

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.