46,666 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,666 shares of the insurance provider's stock, valued at approximately $4,364,000. New Age Alpha Advisors LLC owned 0.08% of Selective Insurance Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Selective Insurance Group in the fourth quarter worth about $25,000. UMB Bank n.a. lifted its stake 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 worth $40,000 after purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 valued at $42,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of Selective Insurance Group during the 4th quarter valued at $180,000. Institutional investors own 82.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIGI shares. Morgan Stanley dropped their price objective 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 report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $93.00 price objective (down 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 assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $98.71.

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Selective Insurance Group Price Performance

NASDAQ:SIGI traded down $0.26 during mid-day trading on Wednesday, reaching $91.71. The stock had a trading volume of 83,858 shares, compared to its average volume of 374,155. The stock has a market capitalization of $5.57 billion, a P/E ratio of 28.48 and a beta of 0.54. The firm has a 50 day moving average price of $86.50 and a two-hundred day moving average price of $91.88. 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 $106.95.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its quarterly earnings data 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, analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued 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 1.66%. Selective Insurance Group's dividend payout ratio is currently 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.