Inceptionr LLC Has $2.01 Million Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Inceptionr LLC lifted its position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 200.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,446 shares of the insurance provider's stock after acquiring an additional 14,297 shares during the period. Selective Insurance Group makes up approximately 0.4% of Inceptionr LLC's holdings, making the stock its 23rd biggest holding. Inceptionr LLC's holdings in Selective Insurance Group were worth $2,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in Selective Insurance Group by 28.6% in the 3rd quarter. FMR LLC now owns 5,468,801 shares of the insurance provider's stock valued at $510,239,000 after acquiring an additional 1,216,801 shares in the last quarter. State Street Corp raised its holdings in shares of Selective Insurance Group by 3.1% in the third quarter. State Street Corp now owns 2,401,897 shares of the insurance provider's stock valued at $224,097,000 after purchasing an additional 71,296 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Selective Insurance Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,586,527 shares of the insurance provider's stock worth $148,048,000 after purchasing an additional 26,880 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Selective Insurance Group by 8.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider's stock worth $98,694,000 after purchasing an additional 84,341 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Selective Insurance Group by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 884,230 shares of the insurance provider's stock valued at $82,693,000 after purchasing an additional 16,539 shares in the last quarter. Institutional investors own 82.88% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on 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. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One 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 MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.71.

Selective Insurance Group Stock Performance

NASDAQ:SIGI traded down $0.71 on Monday, hitting $84.39. The company's stock had a trading volume of 329,638 shares, compared to its average volume of 356,600. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $109.58. The firm has a market capitalization of $5.13 billion, a P/E ratio of 26.21 and a beta of 0.54. The stock has a fifty day moving average of $87.78 and a two-hundred day moving average of $92.02. 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 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 predict that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, February 14th. 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.