Boston Trust Walden Corp Raises Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Boston Trust Walden Corp grew its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,321 shares of the insurance provider's stock after buying an additional 84,341 shares during the quarter. Boston Trust Walden Corp owned 1.74% of Selective Insurance Group worth $98,694,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Selective Insurance Group in the 4th quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Selective Insurance Group in the third quarter valued at about $27,000. UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 402 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Selective Insurance Group during the 2nd quarter worth about $44,000. 82.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SIGI has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on Selective Insurance Group from $114.00 to $116.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Royal Bank of Canada boosted their price target 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. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Bank of America lifted their target price on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upgraded shares of Selective Insurance Group from a "market perform" rating to an "outperform" rating and increased their target price for the company from $95.00 to $105.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Selective Insurance Group has an average rating of "Hold" and a consensus price target of $102.00.

Selective Insurance Group Trading Up 0.1 %

SIGI stock traded up $0.09 during trading on Thursday, reaching $85.67. 343,699 shares of the stock were exchanged, compared to its average volume of 412,062. The business has a 50 day moving average price of $93.35 and a 200-day moving average price of $92.56. Selective Insurance Group, Inc. has a 1 year low of $80.84 and a 1 year high of $109.58. 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 firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 26.61 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 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%. On average, research analysts predict that Selective Insurance Group, Inc. will post 7.77 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) is presently 47.21%.

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.