WINTON GROUP Ltd Makes New $524,000 Investment in Selective Insurance Group, Inc. (NASDAQ:SIGI)

WINTON GROUP Ltd purchased a new position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,599 shares of the insurance provider's stock, valued at approximately $524,000.

Several other hedge funds also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. boosted its stake in shares of Selective Insurance Group by 59.7% during the fourth quarter. EFG Asset Management North America Corp. now owns 24,060 shares of the insurance provider's stock valued at $2,250,000 after purchasing an additional 8,995 shares during the period. LPL Financial LLC boosted its position in Selective Insurance Group by 4.6% in the 4th quarter. LPL Financial LLC now owns 54,306 shares of the insurance provider's stock valued at $5,079,000 after buying an additional 2,366 shares during the period. Fox Run Management L.L.C. bought a new position in Selective Insurance Group in the 4th quarter worth about $1,008,000. KLP Kapitalforvaltning AS purchased a new position in shares of Selective Insurance Group during the fourth quarter worth approximately $1,188,000. Finally, Sei Investments Co. raised its stake in shares of Selective Insurance Group by 151.9% during the fourth quarter. Sei Investments Co. now owns 83,562 shares of the insurance provider's stock valued at $7,815,000 after acquiring an additional 50,386 shares in the last quarter. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group Stock Up 0.4 %

Shares of NASDAQ SIGI traded up $0.37 during mid-day trading on Thursday, reaching $92.59. 140,469 shares of the company were exchanged, compared to its average volume of 374,551. Selective Insurance Group, Inc. has a 1 year low of $78.13 and a 1 year high of $106.01. The firm has a 50-day moving average of $86.46 and a 200 day moving average of $91.88. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 28.75 and a beta of 0.54. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17.

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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 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%. On average, research analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group's dividend payout ratio is currently 47.20%.

Wall Street Analysts Forecast Growth

SIGI has been the subject of a number of research analyst reports. Morgan Stanley decreased 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. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Selective Insurance Group in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Selective Insurance Group currently has a consensus rating of "Hold" and a consensus price target of $98.71.

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.