Selective Insurance Group, Inc. (NASDAQ:SIGI) Position Boosted by Headlands Technologies LLC

Headlands Technologies LLC raised its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 68.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,344 shares of the insurance provider's stock after purchasing an additional 5,415 shares during the period. Headlands Technologies LLC's holdings in Selective Insurance Group were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Selective Insurance Group during the fourth quarter worth approximately $25,000. UMB Bank n.a. raised its stake in Selective Insurance Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Selective Insurance Group by 957.1% during 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 during the period. GAMMA Investing LLC grew its stake in shares of Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock worth $45,000 after purchasing an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Selective Insurance Group during the fourth quarter valued at $180,000. Institutional investors own 82.88% of the company's stock.

Analyst Ratings Changes

SIGI has been the subject of several research analyst reports. Morgan Stanley reduced their price objective 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. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.71.

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Selective Insurance Group Price Performance

Shares of NASDAQ SIGI traded up $0.61 during midday trading on Thursday, reaching $92.83. The company's stock had a trading volume of 516,309 shares, compared to its average volume of 376,565. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $106.01. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 28.83 and a beta of 0.45. The company has a 50 day moving average price of $86.47 and a 200 day moving average price of $91.89. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last posted its quarterly 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%. On average, equities research analysts expect that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.64%. Selective Insurance Group's dividend payout ratio (DPR) is presently 47.20%.

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.