American Century Companies Inc. Trims Stock Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

American Century Companies Inc. lowered its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,279 shares of the insurance provider's stock after selling 5,313 shares during the quarter. American Century Companies Inc.'s holdings in Selective Insurance Group were worth $2,458,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Selective Insurance Group in the fourth quarter worth $25,000. UMB Bank n.a. grew its position in Selective Insurance Group by 37.1% during 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 during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 buying an additional 402 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 buying an additional 190 shares during the period. Finally, Roxbury Financial LLC purchased a new stake in shares of Selective Insurance Group in the fourth quarter worth about $180,000. Hedge funds and other institutional investors own 82.88% of the company's stock.

Analyst Ratings Changes

SIGI has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated 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. Morgan Stanley cut their target price on shares of 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $95.17.

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Selective Insurance Group Price Performance

Shares of NASDAQ:SIGI traded up $0.60 during midday trading on Friday, reaching $86.63. 448,391 shares of the company's stock traded hands, compared to its average volume of 383,869. 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 company has a market cap of $5.26 billion, a P/E ratio of 26.90 and a beta of 0.45. The company has a fifty day simple moving average of $85.88 and a two-hundred day simple moving average of $91.53.

Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last issued its 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 predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The company also recently announced 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) 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.