8,543 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,543 shares of the insurance provider's stock, valued at approximately $799,000.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Selective Insurance Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,586,527 shares of the insurance provider's stock valued at $148,048,000 after purchasing an additional 26,880 shares during the period. Boston Trust Walden Corp increased its position in Selective Insurance Group by 8.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider's stock worth $98,694,000 after acquiring an additional 84,341 shares during the period. Norges Bank acquired a new stake in Selective Insurance Group in the 4th quarter worth about $93,409,000. Charles Schwab Investment Management Inc. boosted its holdings in Selective Insurance Group by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 884,230 shares of the insurance provider's stock valued at $82,693,000 after purchasing an additional 16,539 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Selective Insurance Group by 15.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 828,327 shares of the insurance provider's stock valued at $77,465,000 after buying an additional 110,381 shares in the last quarter. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Price Performance

Shares of NASDAQ SIGI traded up $0.37 during midday trading on Thursday, reaching $89.27. 57,352 shares of the company were exchanged, compared to its average volume of 384,306. The stock's 50-day moving average price is $86.06 and its 200-day moving average price is $91.47. The stock has a market cap of $5.42 billion, a P/E ratio of 27.74 and a beta of 0.45. 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 one year low of $78.13 and a one year high of $104.67.

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

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Analysts Set New Price Targets

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