Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,928 shares of the insurance provider's stock after purchasing an additional 5,236 shares during the period. MetLife Investment Management LLC owned 0.12% of Selective Insurance Group worth $6,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SIGI. Barclays PLC boosted its holdings 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 worth $10,711,000 after purchasing an additional 72,530 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new position in Selective Insurance Group during the third quarter worth $345,000. Sanctuary Advisors LLC increased its position in Selective Insurance Group by 51.9% during the third quarter. Sanctuary Advisors LLC now owns 4,211 shares of the insurance provider's stock valued at $412,000 after acquiring an additional 1,438 shares during the last quarter. Franklin Resources Inc. increased its position in Selective Insurance Group by 38.4% during the third 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 period. Hedge funds and other institutional investors own 82.88% of the company's stock.

Insider Activity

In related news, CAO Anthony D. Harnett sold 1,352 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $87.06, for a total value of $117,705.12. Following the completion of the transaction, the chief accounting officer now owns 15,946 shares of the company's stock, valued at $1,388,258.76. The trade was a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

SIGI has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. 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 report on Monday, February 3rd. Finally, JMP Securities restated a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.17.

Selective Insurance Group Trading Up 0.3 %

Shares of NASDAQ SIGI traded up $0.30 during trading hours on Monday, reaching $87.87. The stock had a trading volume of 79,915 shares, compared to its average volume of 420,571. The business's fifty day moving average price is $86.97 and its two-hundred day moving average price is $91.31. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 27.29 and a beta of 0.45. Selective Insurance Group, Inc. has a 52-week low of $78.13 and a 52-week high of $103.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.13). The firm had revenue of $1.24 billion for 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%. During the same period in the previous year, the company posted $1.33 EPS. Analysts expect that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, May 15th. Selective Insurance Group's dividend payout ratio (DPR) is 41.42%.

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.