Swedbank AB bought a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the insurance provider's stock, valued at approximately $2,338,000.
A number of other large investors also recently made changes to their positions in SIGI. R Squared Ltd acquired a new position in Selective Insurance Group in the 4th quarter valued at $25,000. Pacer Advisors Inc. boosted its position in shares of Selective Insurance Group by 1.5% in the fourth quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock valued at $847,000 after acquiring an additional 137 shares during the period. KBC Group NV increased its position in Selective Insurance Group by 51.5% during the fourth quarter. KBC Group NV now owns 2,788 shares of the insurance provider's stock worth $261,000 after acquiring an additional 948 shares during the period. Tributary Capital Management LLC raised its stake in Selective Insurance Group by 1.3% in the 4th quarter. Tributary Capital Management LLC now owns 318,174 shares of the insurance provider's stock worth $29,756,000 after purchasing an additional 4,222 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Selective Insurance Group by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,385 shares of the insurance provider's stock worth $784,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 82.88% of the company's stock.
Shares of SIGI opened at $84.13 on Friday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 26.13 and a beta of 0.62. Selective Insurance Group, Inc. has a 52 week low of $80.84 and a 52 week high of $109.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a fifty day moving average of $94.65 and a 200-day moving average of $92.83.
Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last released its quarterly earnings data 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 7.39%. As a group, sell-side analysts anticipate that Selective Insurance Group, Inc. will post 7.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. Selective Insurance Group's dividend payout ratio is currently 47.21%.
Several research analysts have recently commented on the stock. BMO Capital Markets raised shares of Selective Insurance Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. JMP Securities restated a "market perform" rating on shares of Selective Insurance Group in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. Morgan Stanley started coverage on shares of Selective Insurance Group in a report on Thursday, December 5th. They issued an "equal weight" rating and a $105.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on Selective Insurance Group from $114.00 to $116.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Selective Insurance Group currently has a consensus rating of "Hold" and a consensus target price of $104.57.
Get Our Latest Analysis on SIGI
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.
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