Two Sigma Securities LLC Makes New $349,000 Investment in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Two Sigma Securities LLC acquired a new position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,728 shares of the insurance provider's stock, valued at approximately $349,000.

Several other large investors also recently made changes to their positions in SIGI. R Squared Ltd acquired a new stake in shares of Selective Insurance Group in the 4th quarter worth about $25,000. UMB Bank n.a. raised its stake in shares of Selective Insurance Group by 37.1% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Selective Insurance Group by 64.4% during the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock valued at $45,000 after buying an additional 190 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in Selective Insurance Group during the fourth quarter worth $180,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $117,705.12. Following the completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Selective Insurance Group Stock Up 0.9 %

Shares of NASDAQ:SIGI traded up $0.79 during trading on Friday, hitting $87.68. The stock had a trading volume of 335,269 shares, compared to its average volume of 382,072. The company has a market capitalization of $5.33 billion, a PE ratio of 27.23 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. The firm's fifty day moving average is $87.69 and its 200 day moving average is $91.06. Selective Insurance Group, Inc. has a 12 month low of $78.13 and a 12 month 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 for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the company posted $1.33 EPS. Selective Insurance Group's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate 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. Stockholders of record on Thursday, May 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.73%. Selective Insurance Group's dividend payout ratio is currently 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.