AlphaQuest LLC Has $32,000 Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

AlphaQuest LLC trimmed its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 95.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338 shares of the insurance provider's stock after selling 7,293 shares during the quarter. AlphaQuest LLC's holdings in Selective Insurance Group were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Selective Insurance Group during the 4th quarter worth approximately $25,000. UMB Bank n.a. boosted its holdings 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 valued at $40,000 after buying an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Selective Insurance Group by 957.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock worth $42,000 after acquiring an additional 402 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 worth $45,000 after acquiring an additional 190 shares during the period. Finally, Roxbury Financial LLC acquired a new position in Selective Insurance Group in the 4th quarter worth $180,000. Institutional investors and hedge funds own 82.88% of the company's stock.

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Selective Insurance Group Stock Performance

SIGI stock traded down $0.86 during trading hours on Tuesday, reaching $89.63. The stock had a trading volume of 319,366 shares, compared to its average volume of 358,919. The stock has a 50-day simple moving average of $86.79 and a 200 day simple moving average of $91.80. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $109.58. The stock has a market capitalization of $5.45 billion, a PE ratio of 27.84 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. Analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SIGI shares. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Morgan Stanley lowered 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 price target (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Selective Insurance Group has an average rating of "Hold" and an average price target of $98.71.

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.