7,429 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,429 shares of the insurance provider's stock, valued at approximately $695,000.

A number of other large investors also recently modified their holdings of SIGI. Barclays PLC lifted its stake in shares of Selective Insurance Group by 171.6% in the 3rd quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock valued at $10,711,000 after acquiring an additional 72,530 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Selective Insurance Group by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider's stock worth $37,801,000 after purchasing an additional 7,563 shares during the period. Quest Partners LLC lifted its position in Selective Insurance Group by 2,486.8% in the third quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider's stock valued at $712,000 after purchasing an additional 7,336 shares during the last quarter. Franklin Resources Inc. lifted its position in Selective Insurance Group by 38.4% in the third quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider's stock valued at $603,000 after purchasing an additional 1,747 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Selective Insurance Group by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider's stock valued at $80,956,000 after purchasing an additional 21,374 shares during the period. 82.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented 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 reaffirmed a "market perform" rating and set a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Bank of America raised their target price on Selective Insurance Group from $96.00 to $102.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised Selective Insurance Group from a "market perform" rating to an "outperform" rating and upped their price target for the company from $95.00 to $105.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective on Selective Insurance Group from $96.00 to $99.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $98.71.

Selective Insurance Group Stock Down 1.2 %

Selective Insurance Group stock traded down $1.03 during trading hours on Friday, hitting $82.15. 653,049 shares of the stock traded hands, compared to its average volume of 426,523. Selective Insurance Group, Inc. has a one year low of $80.84 and a one year high of $109.58. The firm's 50-day moving average price is $91.38 and its two-hundred day moving average price is $92.40. The company has a current ratio of 0.34, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.00 billion, a PE ratio of 25.51 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that Selective Insurance Group, Inc. will post 7.64 EPS for the current year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. Selective Insurance Group's dividend payout ratio (DPR) is currently 47.20%.

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.