Natixis Advisors LLC Increases Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Natixis Advisors LLC grew its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,268 shares of the insurance provider's stock after acquiring an additional 19,691 shares during the quarter. Natixis Advisors LLC owned about 0.30% of Selective Insurance Group worth $16,858,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SIGI. KBC Group NV raised its stake in shares of Selective Insurance Group by 18.1% during the 3rd quarter. KBC Group NV now owns 1,840 shares of the insurance provider's stock worth $172,000 after acquiring an additional 282 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Selective Insurance Group by 14.6% in the third quarter. Thrivent Financial for Lutherans now owns 155,565 shares of the insurance provider's stock worth $14,515,000 after purchasing an additional 19,826 shares during the last quarter. Quest Partners LLC increased its position in shares of Selective Insurance Group by 2,486.8% during the third quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider's stock worth $712,000 after purchasing an additional 7,336 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in shares of Selective Insurance Group by 5.4% during the 3rd quarter. Lindenwold Advisors INC now owns 2,974 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 153 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in shares of Selective Insurance Group by 1.6% in the 3rd quarter. Pathstone Holdings LLC now owns 26,535 shares of the insurance provider's stock worth $2,476,000 after purchasing an additional 412 shares in the last quarter. 82.88% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on SIGI shares. Morgan Stanley decreased their price target on 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 reissued a "market perform" rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $98.71.

Selective Insurance Group Price Performance

SIGI traded down $0.39 on Friday, hitting $88.71. 913,289 shares of the company's stock were exchanged, compared to its average volume of 358,819. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $109.58. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 27.55 and a beta of 0.54. The firm has a 50-day moving average price of $86.81 and a 200-day moving average price of $91.79. 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 return on equity of 7.33% and a net margin of 4.26%. As a group, 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.71%. 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.