Quantbot Technologies LP Has $2.28 Million Stock Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Quantbot Technologies LP cut its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,418 shares of the insurance provider's stock after selling 33,617 shares during the quarter. Quantbot Technologies LP's holdings in Selective Insurance Group were worth $2,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Selective Insurance Group during the fourth quarter valued at about $25,000. UMB Bank n.a. raised its holdings 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 valued at $40,000 after acquiring an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 worth $42,000 after acquiring an additional 402 shares during the period. GAMMA Investing LLC grew its holdings 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 worth $45,000 after purchasing an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Selective Insurance Group during the fourth quarter valued at approximately $180,000. Institutional investors own 82.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $98.71.

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Selective Insurance Group Price Performance

Shares of SIGI traded up $2.04 during mid-day trading on Thursday, hitting $92.22. 403,158 shares of the company traded hands, compared to its average volume of 358,767. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 28.64 and a beta of 0.54. The business has a 50-day moving average of $86.66 and a 200 day moving average of $91.79. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $109.58.

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

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) is 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.