Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,060 shares of the insurance provider's stock after purchasing an additional 8,995 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Selective Insurance Group were worth $2,250,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Barclays PLC increased its stake in Selective Insurance Group by 171.6% during the third quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock worth $10,711,000 after acquiring an additional 72,530 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Selective Insurance Group by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider's stock worth $37,801,000 after purchasing an additional 7,563 shares during the period. Franklin Resources Inc. increased 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 purchasing an additional 1,747 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Selective Insurance Group by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider's stock valued at $80,956,000 after buying an additional 21,374 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Selective Insurance Group by 249.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 82,351 shares of the insurance provider's stock worth $7,683,000 after buying an additional 58,808 shares in the last quarter. Institutional investors own 82.88% of the company's stock.

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Selective Insurance Group Price Performance

Shares of SIGI traded down $0.43 during trading hours on Friday, hitting $91.79. 279,398 shares of the stock were exchanged, compared to its average volume of 375,238. The stock's 50-day moving average price is $86.59 and its two-hundred day moving average price is $91.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 28.51 and a beta of 0.54. Selective Insurance Group, Inc. has a 12-month low of $78.13 and a 12-month high of $108.92.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 EPS 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%. Research analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $93.00 target price (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of "Hold" and an average price target of $98.71.

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.