12,700 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,700 shares of the insurance provider's stock, valued at approximately $1,188,000.

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

Selective Insurance Group Stock Performance

SIGI traded up $0.61 during trading hours on Thursday, hitting $92.83. The stock had a trading volume of 516,309 shares, compared to its average volume of 376,565. The stock has a market cap of $5.64 billion, a PE ratio of 28.83 and a beta of 0.45. Selective Insurance Group, Inc. has a 1 year low of $78.13 and a 1 year high of $106.01. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The company's fifty day simple moving average is $86.47 and its 200 day simple moving average is $91.89.

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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%. Equities analysts anticipate 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. Shareholders 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 annualized dividend and a dividend yield of 1.64%. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Analysts Set New Price Targets

SIGI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $93.00 target price (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. JMP Securities reaffirmed a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, Morgan Stanley decreased their target price on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $98.71.

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.