Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP grew its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 574.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,757 shares of the insurance provider's stock after acquiring an additional 15,977 shares during the quarter. Dark Forest Capital Management LP's holdings in Selective Insurance Group were worth $1,754,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Selective Insurance Group during the 4th quarter worth approximately $25,000. UMB Bank n.a. grew its stake 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 worth $40,000 after buying an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider's stock worth $42,000 after acquiring an additional 402 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Selective Insurance Group by 64.4% in the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider's stock valued at $45,000 after acquiring an additional 190 shares during the period. Finally, Roxbury Financial LLC acquired a new position in shares of Selective Insurance Group during the 4th quarter valued at $180,000. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley lowered their price target on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a report 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 price target (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $95.17.

Selective Insurance Group Stock Up 3.4 %

Shares of NASDAQ SIGI opened at $91.32 on Wednesday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 28.36 and a beta of 0.45. Selective Insurance Group, Inc. has a 1 year low of $78.13 and a 1 year high of $104.67. 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 $86.55 and its 200-day simple moving average is $91.37.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid 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 1.66%. Selective Insurance Group's dividend payout ratio (DPR) is 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.

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