Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp raised its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 983,020 shares of the insurance provider's stock after buying an additional 17,800 shares during the period. Boston Trust Walden Corp owned about 1.62% of Selective Insurance Group worth $97,791,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC boosted its holdings in Selective Insurance Group by 186.5% during the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider's stock worth $26,000 after buying an additional 166 shares in the last quarter. Blue Trust Inc. boosted its holdings in Selective Insurance Group by 68.9% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the insurance provider's stock worth $27,000 after buying an additional 104 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Selective Insurance Group during the third quarter worth approximately $36,000. Headinvest LLC bought a new stake in Selective Insurance Group during the third quarter worth approximately $62,000. Finally, Covestor Ltd boosted its stake in Selective Insurance Group by 37.3% in the 1st quarter. Covestor Ltd now owns 747 shares of the insurance provider's stock worth $67,000 after purchasing an additional 203 shares during the period. 82.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Selective Insurance Group

In other news, COO Brenda M. Hall sold 2,626 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.88, for a total value of $278,040.88. Following the completion of the transaction, the chief operating officer now owns 10,511 shares in the company, valued at $1,112,904.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Selective Insurance Group from $111.00 to $109.00 and set a "market perform" rating for the company in a research note on Tuesday, February 6th. Royal Bank of Canada decreased their target price on shares of Selective Insurance Group from $108.00 to $105.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. Finally, Piper Sandler restated a "neutral" rating and set a $104.00 price target on shares of Selective Insurance Group in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Selective Insurance Group has a consensus rating of "Hold" and a consensus target price of $105.17.

Selective Insurance Group Stock Down 0.6 %

Shares of Selective Insurance Group stock traded down $0.63 during midday trading on Thursday, reaching $104.39. 217,566 shares of the company's stock traded hands, compared to its average volume of 317,089. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 0.76 and a beta of 0.55. Selective Insurance Group, Inc. has a 52 week low of $91.99 and a 52 week high of $109.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.30. The company's 50 day simple moving average is $103.43 and its 200 day simple moving average is $102.94.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Selective Insurance Group had a net margin of 8.57% and a return on equity of 14.43%. Equities analysts expect that Selective Insurance Group, Inc. will post 7.68 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) is 24.01%.

About Selective Insurance Group

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.

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