Barclays PLC Boosts Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Barclays PLC boosted its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 148,341 shares of the insurance provider's stock after acquiring an additional 33,551 shares during the quarter. Barclays PLC owned 0.24% of Selective Insurance Group worth $13,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SIGI. HighTower Advisors LLC grew its position in Selective Insurance Group by 8.3% during the third quarter. HighTower Advisors LLC now owns 3,984 shares of the insurance provider's stock valued at $376,000 after buying an additional 307 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of Selective Insurance Group in the 3rd quarter worth $345,000. Sanctuary Advisors LLC raised its holdings in Selective Insurance Group by 51.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,211 shares of the insurance provider's stock worth $412,000 after purchasing an additional 1,438 shares during the period. Franklin Resources Inc. lifted its position in shares of Selective Insurance Group by 38.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider's stock valued at $603,000 after buying an additional 1,747 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Selective Insurance Group by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider's stock valued at $37,801,000 after purchasing an additional 7,563 shares in the last quarter. Institutional investors own 82.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SIGI. Keefe, Bruyette & Woods restated a "market perform" rating and set a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Morgan Stanley dropped their price target on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $95.17.

Selective Insurance Group Trading Down 1.6 %

Shares of NASDAQ SIGI traded down $1.48 during trading hours on Thursday, reaching $89.42. The stock had a trading volume of 469,757 shares, compared to its average volume of 386,635. The business's fifty day moving average price is $86.72 and its two-hundred day moving average price is $91.37. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 27.77 and a beta of 0.45. Selective Insurance Group, Inc. has a 52-week low of $78.13 and a 52-week high of $103.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.13). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the business posted $1.33 EPS. Analysts expect that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 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.