Wells Fargo & Company MN Buys 15,344 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Wells Fargo & Company MN boosted its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,099 shares of the insurance provider's stock after purchasing an additional 15,344 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Selective Insurance Group worth $11,419,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Selective Insurance Group in the 4th quarter valued at $25,000. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 acquiring an additional 402 shares during the period. GAMMA Investing LLC increased its holdings in shares of Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock worth $45,000 after acquiring an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC bought a new stake in Selective Insurance Group during the 4th quarter worth approximately $180,000. Institutional investors own 82.88% of the company's stock.

Analyst Ratings Changes

SIGI has been the subject of a number of recent research reports. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 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, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $93.00 target price (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $95.17.

Selective Insurance Group Stock Up 0.9 %

SIGI traded up $0.76 during trading on Friday, hitting $89.66. 284,115 shares of the company's stock were exchanged, compared to its average volume of 385,518. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $104.67. The stock has a market cap of $5.45 billion, a P/E ratio of 27.84 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 business's 50 day moving average is $86.27 and its two-hundred day moving average is $91.41.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results 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 net margin of 4.26% and a return on equity of 7.33%. As a group, equities analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

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

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.