Private Advisor Group LLC Buys 5,211 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Private Advisor Group LLC lifted its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 107.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,071 shares of the insurance provider's stock after acquiring an additional 5,211 shares during the period. Private Advisor Group LLC's holdings in Selective Insurance Group were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in Selective Insurance Group by 37.1% during the fourth 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 during the period. Pacer Advisors Inc. lifted its position in shares of Selective Insurance Group by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock worth $847,000 after purchasing an additional 137 shares during the last quarter. Caprock Group LLC boosted its stake in Selective Insurance Group by 3.8% during the 4th quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider's stock valued at $369,000 after purchasing an additional 145 shares during the period. Lindenwold Advisors INC grew its holdings in Selective Insurance Group by 5.4% in the 3rd quarter. Lindenwold Advisors INC now owns 2,974 shares of the insurance provider's stock valued at $277,000 after buying an additional 153 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Selective Insurance Group by 3.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,101 shares of the insurance provider's stock worth $476,000 after buying an additional 155 shares during the period. 82.88% of the stock is owned by institutional investors.

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Selective Insurance Group Price Performance

Shares of NASDAQ SIGI traded down $0.97 during midday trading on Tuesday, reaching $86.23. 251,101 shares of the company traded hands, compared to its average volume of 353,665. Selective Insurance Group, Inc. has a 12 month low of $78.13 and a 12 month high of $109.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The stock's 50-day simple moving average is $88.52 and its 200-day simple moving average is $92.12. The firm has a market cap of $5.24 billion, a PE ratio of 26.76 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 EPS 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%. As a group, equities analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.76%. Selective Insurance Group's dividend payout ratio is 47.20%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Finally, Morgan Stanley reduced 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 analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $98.71.

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.