Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 180.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,816 shares of the insurance provider's stock after purchasing an additional 6,317 shares during the quarter. ExodusPoint Capital Management LP's holdings in Selective Insurance Group were worth $918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Selective Insurance Group during the fourth quarter valued at about $799,000. Headlands Technologies LLC boosted its position in Selective Insurance Group by 68.3% during the 4th quarter. Headlands Technologies LLC now owns 13,344 shares of the insurance provider's stock valued at $1,248,000 after acquiring an additional 5,415 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Selective Insurance Group by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 6,698 shares of the insurance provider's stock worth $626,000 after acquiring an additional 402 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Selective Insurance Group by 8.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,542 shares of the insurance provider's stock worth $238,000 after acquiring an additional 202 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Selective Insurance Group by 14.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,490 shares of the insurance provider's stock valued at $888,000 after purchasing an additional 1,181 shares during the period. Institutional investors own 82.88% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on SIGI shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $93.00 price objective (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Morgan Stanley dropped their price target 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 restated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $95.17.

Selective Insurance Group Price Performance

Shares of SIGI traded up $0.47 during mid-day trading on Tuesday, hitting $88.41. 192,842 shares of the stock were exchanged, compared to its average volume of 383,705. The firm has a 50-day moving average of $85.93 and a two-hundred day moving average of $91.51. Selective Insurance Group, Inc. has a 52-week low of $78.13 and a 52-week high of $104.67. The company has a market cap of $5.37 billion, a PE ratio of 27.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34.

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

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.72%. Selective Insurance Group's dividend payout ratio is presently 47.20%.

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.