Selective Insurance Group, Inc. (NASDAQ:SIGI) Stock Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,354,454 shares of the insurance provider's stock after selling 17,777 shares during the period. Dimensional Fund Advisors LP owned 2.23% of Selective Insurance Group worth $126,669,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SIGI. R Squared Ltd acquired a new position in shares of Selective Insurance Group during the fourth quarter worth about $25,000. UMB Bank n.a. lifted its position in shares of Selective Insurance Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock worth $40,000 after purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC grew its holdings in Selective Insurance Group by 64.4% during the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock valued at $45,000 after purchasing an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Selective Insurance Group during the 4th quarter worth $180,000. Hedge funds and other institutional investors own 82.88% of the company's stock.

Selective Insurance Group Stock Performance

NASDAQ:SIGI traded up $0.81 during trading hours on Friday, reaching $87.70. 72,491 shares of the stock were exchanged, compared to its average volume of 383,516. The stock has a market capitalization of $5.33 billion, a P/E ratio of 27.24 and a beta of 0.45. The firm has a 50 day simple moving average of $87.59 and a 200-day simple moving average of $91.16. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. Selective Insurance Group, Inc. has a 52 week low of $78.13 and a 52 week high of $103.56.

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

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 dividend yield of 1.73%. The ex-dividend date is Thursday, May 15th. Selective Insurance Group's dividend payout ratio is presently 41.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIGI. BMO Capital Markets lifted 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. Morgan Stanley cut their target price 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. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.50.

Insider Buying and Selling at Selective Insurance Group

In related news, CAO Anthony D. Harnett sold 1,352 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $87.06, for a total transaction of $117,705.12. Following the completion of the transaction, the chief accounting officer now directly owns 15,946 shares in the company, valued at $1,388,258.76. This represents a 7.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.