Fox Run Management L.L.C. Buys Shares of 10,780 Selective Insurance Group, Inc. (NASDAQ:SIGI)

Fox Run Management L.L.C. bought a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 10,780 shares of the insurance provider's stock, valued at approximately $1,008,000.

A number of other large investors have also recently modified their holdings of SIGI. R Squared Ltd bought a new position in Selective Insurance Group in the fourth quarter worth $25,000. UMB Bank n.a. grew its position in shares of Selective Insurance Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock worth $40,000 after buying an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Selective Insurance Group by 957.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock worth $42,000 after acquiring an additional 402 shares in the last quarter. GAMMA Investing LLC lifted its position in Selective Insurance Group by 64.4% during the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock valued at $45,000 after acquiring an additional 190 shares during the period. Finally, Roxbury Financial LLC bought a new stake in Selective Insurance Group during the fourth quarter worth about $180,000. Institutional investors own 82.88% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SIGI. Morgan Stanley decreased 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 research note on Monday, February 3rd. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $98.71.

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Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGI traded up $2.04 during midday trading on Thursday, reaching $92.22. 403,158 shares of the company's stock traded hands, compared to its average volume of 355,664. 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, Inc. has a one year low of $78.13 and a one year high of $109.58. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 28.64 and a beta of 0.54. The stock has a 50 day moving average of $86.62 and a 200 day moving average of $91.79.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (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%. As a group, equities research analysts anticipate that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.65%. Selective Insurance Group's dividend payout ratio is presently 47.20%.

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.