Charles Schwab Investment Management Inc. Has $82.69 Million Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Charles Schwab Investment Management Inc. boosted its position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 884,230 shares of the insurance provider's stock after buying an additional 16,539 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.45% of Selective Insurance Group worth $82,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIGI. Smartleaf Asset Management LLC raised its holdings in shares of Selective Insurance Group by 12.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,132 shares of the insurance provider's stock worth $199,000 after purchasing an additional 232 shares during the period. US Bancorp DE raised its stake in Selective Insurance Group by 14.1% during the fourth quarter. US Bancorp DE now owns 25,283 shares of the insurance provider's stock worth $2,364,000 after acquiring an additional 3,133 shares during the period. Proficio Capital Partners LLC acquired a new stake in Selective Insurance Group during the fourth quarter worth about $203,000. Bank of New York Mellon Corp lifted its holdings in Selective Insurance Group by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 582,140 shares of the insurance provider's stock worth $54,442,000 after acquiring an additional 20,576 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Selective Insurance Group by 70.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 4,292 shares of the insurance provider's stock valued at $401,000 after acquiring an additional 1,778 shares during the period. Institutional investors and hedge funds own 82.88% of the company's stock.

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Selective Insurance Group Price Performance

Selective Insurance Group stock traded up $2.35 during trading hours on Friday, hitting $87.80. 366,135 shares of the company traded hands, compared to its average volume of 359,365. The firm's 50-day simple moving average is $87.08 and its two-hundred day simple moving average is $91.84. The firm has a market cap of $5.34 billion, a P/E ratio of 27.27 and a beta of 0.54. Selective Insurance Group, Inc. has a 1-year low of $78.13 and a 1-year high of $109.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its 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 return on equity of 7.33% and a net margin of 4.26%. As a group, analysts forecast that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 annualized dividend and a yield of 1.73%. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SIGI shares. Keefe, Bruyette & Woods reiterated 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. Morgan Stanley dropped their target price on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Selective Insurance Group has a consensus 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.