Barclays PLC Has $10.71 Million Stock Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Barclays PLC increased its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 171.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,790 shares of the insurance provider's stock after purchasing an additional 72,530 shares during the period. Barclays PLC owned 0.19% of Selective Insurance Group worth $10,711,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Selective Insurance Group in the 3rd quarter worth approximately $27,000. Quest Partners LLC bought a new stake in Selective Insurance Group during the second quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Selective Insurance Group in the second quarter worth approximately $44,000. KBC Group NV increased its holdings in shares of Selective Insurance Group by 18.1% in the third quarter. KBC Group NV now owns 1,840 shares of the insurance provider's stock valued at $172,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Selective Insurance Group during the 2nd quarter valued at $188,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Stock Down 2.3 %

NASDAQ:SIGI traded down $2.21 on Tuesday, hitting $95.30. 260,845 shares of the company's stock traded hands, compared to its average volume of 351,978. The company has a market cap of $5.79 billion, a PE ratio of 25.69 and a beta of 0.60. Selective Insurance Group, Inc. has a 1 year low of $81.00 and a 1 year high of $109.58. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $96.66 and a 200-day moving average price of $93.03.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The insurance provider reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.29). The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.17 billion. Selective Insurance Group had a net margin of 5.01% and a return on equity of 8.11%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 earnings per share. Equities analysts anticipate that Selective Insurance Group, Inc. will post 3.61 EPS for the current fiscal year.

Selective Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.59%. This is a positive change from Selective Insurance Group's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 15th. Selective Insurance Group's dividend payout ratio (DPR) is currently 40.97%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Selective Insurance Group in a report on Thursday, December 5th. They issued an "equal weight" rating and a $105.00 target price on the stock. BMO Capital Markets raised Selective Insurance Group from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $95.00 to $105.00 in a research note on Wednesday, October 30th. Bank of America boosted their price objective on Selective Insurance Group from $96.00 to $102.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on shares of Selective Insurance Group from $96.00 to $99.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $102.14.

Insider Activity at Selective Insurance Group

In other news, CAO Anthony D. Harnett sold 1,404 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $92.61, for a total transaction of $130,024.44. Following the transaction, the chief accounting officer now owns 15,946 shares in the company, valued at $1,476,759.06. This represents a 8.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

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.