Tudor Investment Corp ET AL Sells 20,260 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Tudor Investment Corp ET AL reduced its position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,738 shares of the insurance provider's stock after selling 20,260 shares during the quarter. Tudor Investment Corp ET AL owned about 0.12% of Selective Insurance Group worth $6,709,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SIGI. Norges Bank purchased a new stake in Selective Insurance Group in the fourth quarter valued at approximately $93,409,000. Raymond James Financial Inc. purchased a new stake in shares of Selective Insurance Group during the 4th quarter valued at $69,504,000. Proficio Capital Partners LLC bought a new stake in shares of Selective Insurance Group during the 4th quarter worth $203,000. Ceredex Value Advisors LLC purchased a new position in Selective Insurance Group in the fourth quarter worth $10,484,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in 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 acquiring an additional 110,381 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company's stock.

Selective Insurance Group Trading Up 0.3 %

Shares of SIGI traded up $0.26 during mid-day trading on Tuesday, hitting $89.02. 65,516 shares of the company's stock traded hands, compared to its average volume of 381,129. The firm has a market capitalization of $5.41 billion, a P/E ratio of 27.69 and a beta of 0.51. The business's 50-day moving average price is $87.83 and its 200-day moving average price is $90.93. Selective Insurance Group, Inc. has a 1 year low of $78.13 and a 1 year high of $103.56. 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 (NASDAQ:SIGI - Get Free Report) last announced its earnings results 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). The firm had revenue of $1.24 billion during 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%. The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. As a group, sell-side analysts forecast that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 15th. Selective Insurance Group's dividend payout ratio (DPR) is 41.42%.

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 directly owns 15,946 shares in the company, valued at $1,388,258.76. The trade was a 7.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SIGI. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of Selective Insurance Group from $93.00 to $92.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of Selective Insurance Group from $92.00 to $96.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $93.50.

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.