Knights of Columbus Asset Advisors LLC Has $1.52 Million Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Knights of Columbus Asset Advisors LLC grew its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 102.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,233 shares of the insurance provider's stock after buying an additional 7,724 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Selective Insurance Group were worth $1,515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janiczek Wealth Management LLC grew its position in Selective Insurance Group by 186.5% in the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 166 shares during the period. Blue Trust Inc. grew its holdings in shares of Selective Insurance Group by 68.9% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the insurance provider's stock worth $27,000 after purchasing an additional 104 shares during the last quarter. Headinvest LLC acquired a new stake in shares of Selective Insurance Group during the 3rd quarter worth about $62,000. Morton Brown Family Wealth LLC bought a new position in Selective Insurance Group during the 4th quarter valued at about $82,000. Finally, Fifth Third Bancorp boosted its position in Selective Insurance Group by 12.3% in the third quarter. Fifth Third Bancorp now owns 1,169 shares of the insurance provider's stock valued at $121,000 after buying an additional 128 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

Selective Insurance Group Trading Down 0.1 %

Shares of SIGI stock traded down $0.08 on Monday, reaching $102.41. 333,273 shares of the stock were exchanged, compared to its average volume of 309,402. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.30 and a quick ratio of 0.30. Selective Insurance Group, Inc. has a one year low of $91.99 and a one year high of $109.58. The stock has a market cap of $6.23 billion, a PE ratio of 17.57, a P/E/G ratio of 0.76 and a beta of 0.55. The stock has a 50 day moving average price of $103.77 and a 200 day moving average price of $102.79.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Selective Insurance Group had a return on equity of 14.43% and a net margin of 8.57%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Equities research analysts forecast that Selective Insurance Group, Inc. will post 7.67 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.35 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.40 annualized dividend and a yield of 1.37%. Selective Insurance Group's dividend payout ratio is currently 24.01%.

Analyst Ratings Changes

Several analysts have recently weighed in on SIGI shares. Keefe, Bruyette & Woods dropped 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 report on Tuesday, February 6th. Piper Sandler reiterated a "neutral" rating and issued a $104.00 price objective on shares of Selective Insurance Group in a research report on Monday, April 1st. Royal Bank of Canada decreased their target price on Selective Insurance Group from $108.00 to $105.00 and set a "sector perform" rating on the stock in a report on Friday, February 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a report on Monday, April 15th. Finally, Oppenheimer reiterated an "outperform" rating and set a $120.00 price target on shares of Selective Insurance Group in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Selective Insurance Group has a consensus rating of "Hold" and a consensus price target of $105.17.

Insider Buying and Selling at Selective Insurance Group

In other Selective Insurance Group news, COO Brenda M. Hall sold 2,626 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.88, for a total transaction of $278,040.88. Following the completion of the sale, the chief operating officer now owns 10,511 shares in the company, valued at approximately $1,112,904.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% 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.