Trexquant Investment LP Invests $799,000 in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Trexquant Investment LP acquired a new position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,543 shares of the insurance provider's stock, valued at approximately $799,000.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Selective Insurance Group by 8.3% in the third quarter. HighTower Advisors LLC now owns 3,984 shares of the insurance provider's stock valued at $376,000 after purchasing an additional 307 shares during the period. Quantinno Capital Management LP increased its position in Selective Insurance Group by 5.4% in the 3rd quarter. Quantinno Capital Management LP now owns 10,729 shares of the insurance provider's stock valued at $1,001,000 after acquiring an additional 554 shares during the period. Public Employees Retirement System of Ohio increased its position in Selective Insurance Group by 8.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 82,368 shares of the insurance provider's stock valued at $7,685,000 after acquiring an additional 6,353 shares during the period. Barclays PLC raised its stake in Selective Insurance Group by 171.6% during the 3rd quarter. Barclays PLC now owns 114,790 shares of the insurance provider's stock valued at $10,711,000 after acquiring an additional 72,530 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Selective Insurance Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,586,527 shares of the insurance provider's stock worth $148,048,000 after acquiring an additional 26,880 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.

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Selective Insurance Group Price Performance

NASDAQ SIGI traded up $0.52 on Wednesday, reaching $88.76. The company's stock had a trading volume of 180,322 shares, compared to its average volume of 384,530. Selective Insurance Group, Inc. has a twelve month low of $78.13 and a twelve month 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 firm's 50 day moving average is $85.98 and its two-hundred day moving average is $91.49. The stock has a market cap of $5.39 billion, a PE ratio of 27.57 and a beta of 0.45.

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 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, sell-side analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio (DPR) is presently 47.20%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SIGI. 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 report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Selective Insurance Group currently has a consensus rating of "Hold" and an average target price of $95.17.

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.