Aviva PLC decreased its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating ) by 22.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,786 shares of the insurance provider’s stock after selling 5,825 shares during the period. Aviva PLC’s holdings in Selective Insurance Group were worth $1,611,000 at the end of the most recent quarter.
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A number of other hedge funds have also recently made changes to their positions in SIGI. Raymond James & Associates boosted its position in shares of Selective Insurance Group by 11.4% in the 1st quarter. Raymond James & Associates now owns 3,725 shares of the insurance provider’s stock valued at $333,000 after buying an additional 381 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Selective Insurance Group by 116.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,904 shares of the insurance provider’s stock valued at $528,000 after buying an additional 3,173 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Selective Insurance Group in the 1st quarter valued at about $201,000. Bank of Montreal Can raised its position in shares of Selective Insurance Group by 8.6% in the 1st quarter. Bank of Montreal Can now owns 7,495 shares of the insurance provider’s stock valued at $684,000 after buying an additional 591 shares in the last quarter. Finally, Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Selective Insurance Group by 10.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,063 shares of the insurance provider’s stock valued at $1,972,000 after buying an additional 2,129 shares in the last quarter. 83.85% of shares belong to institutional investors.
Select Insurance Group Price Performance
Shares of SIGI stock opened at $99.24 on Friday. The firm has a market cap of $5.99 billion, a PE ratio of 28.03, a P/E/G ratio of 0.80 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.33, and a debt-to-equity ratio of 0.22. The firm has a fifty day SMA of $94.61 and a two hundred day SMA of $89.81. Selective Insurance Group, Inc. has a 1-year low of $66.81 and a 1-year high of $103.61.
Selective Insurance Group (NASDAQ:SIGI – Get Rating ) last released its earnings results on Friday, February 3rd. The insurance provider reported $1.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.46. The business had revenue of $952.20 million for the quarter, compared to analyst estimates of $965.14 million. Selective Insurance Group had a net margin of 6.25% and a return on equity of 13.15%. During the same period in the prior year, the business earned $1.56 EPS. On average, equities analysts expect that Selective Insurance Group, Inc. will post 6.57 EPS for the current year.
Selected Insurance Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 14th. This means a dividend of $1.20 on an annualized basis and a yield of 1.21%. Selective Insurance Group’s dividend payout ratio is currently 33.90%.
Analytics upgrades and downloads
A number of brokerages recently weighed in on SIGI. Keefe, Bruyette & Woods upped their price objective on Selective Insurance Group from $105.00 to $107.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 14th. Morgan Stanley upped their price target on Selective Insurance Group from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Janney Montgomery Scott began coverage on Select Insurance Group in a research report on Friday, November 11th. They issued a “neutral” rating and a $96.00 price target on the stock. Royal Bank of Canada boosted their price objective on Selective Insurance Group from $90.00 to $96.00 and gave the company a “sector perform” rating in a research report on Monday, February 6th. Finally, BMO Capital Markets initiated coverage on Select Insurance Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $90.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $97.50, according to MarketBeat.com.
Insider Buying and Selling at Selective Insurance Group
In other news, COO Brenda M. Hall sold 2,813 shares of the company’s stock in a transaction on Monday, November 28th. The stock traded at an average price of $95.11, with a total value of $267,544.43. Following the completion of the sale, the chief operating officer now directly owns 18,650 shares in the company, valued at approximately $1,773,801.50. The transaction was disclosed in a filing with the Securities and Exchange Commission, available on the SEC’s website. In other news, COO Brenda M. Hall sold 2,813 shares of the company’s stock in a transaction on Monday, November 28th. The stock traded at an average price of $95.11, with a total value of $267,544.43. Following the completion of the sale, the chief operating officer now directly owns 18,650 shares in the company, valued at approximately $1,773,801.50. The transaction was disclosed in a filing with the Securities and Exchange Commission, available on the SEC’s website. Also, EVP Vincent M. Senia sold 7,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock traded at an average price of $99.79, with a total value of $698,530.00. Following the completion of the sale, the executive vice president now owns 12,984 shares of the company’s stock, valued at $1,295,673.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,465 shares of company stock valued at $3,222,793. Insiders hold 2.00% of the company’s stock.
Selective Insurance Group Company Profile
(Get a rating)
Selective Insurance Group, Inc. provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as nonprofit organizations and local government agencies.
See also
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