3,211 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Purchased by Choreo LLC

Choreo LLC bought a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,211 shares of the insurance provider's stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIGI. Sanctuary Advisors LLC purchased a new position in shares of Selective Insurance Group in the second quarter worth $278,000. CWM LLC raised its holdings in shares of Selective Insurance Group by 10.2% in the third quarter. CWM LLC now owns 3,216 shares of the insurance provider's stock worth $300,000 after buying an additional 297 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Selective Insurance Group by 30.3% in the third quarter. Exchange Traded Concepts LLC now owns 8,175 shares of the insurance provider's stock worth $763,000 after buying an additional 1,901 shares during the last quarter. Creative Planning raised its holdings in shares of Selective Insurance Group by 12.1% in the third quarter. Creative Planning now owns 36,454 shares of the insurance provider's stock worth $3,401,000 after buying an additional 3,943 shares during the last quarter. Finally, Heritage Family Offices LLP raised its holdings in shares of Selective Insurance Group by 10.4% during the third quarter. Heritage Family Offices LLP now owns 3,062 shares of the insurance provider's stock worth $286,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on SIGI shares. Morgan Stanley reduced their target price on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. BMO Capital Markets raised shares of Selective Insurance Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. Finally, Bank of America raised their target price on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Selective Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $98.71.

Selective Insurance Group Stock Performance

SIGI traded down $1.03 on Monday, reaching $82.15. The stock had a trading volume of 653,049 shares, compared to its average volume of 426,523. Selective Insurance Group, Inc. has a 12-month low of $80.84 and a 12-month 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 business's 50-day moving average price is $91.08 and its two-hundred day moving average price is $92.37. The company has a market cap of $4.99 billion, a P/E ratio of 25.51 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. Sell-side analysts forecast that Selective Insurance Group, Inc. will post 7.64 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. Stockholders of record on Friday, February 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. Selective Insurance Group's dividend payout ratio (DPR) is 47.21%.

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.