Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Acquired by Trust Point Inc.

Trust Point Inc. lifted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,118 shares of the insurance provider’s stock after purchasing an additional 882 shares during the quarter. Trust Point Inc.’s holdings in Selective Insurance Group were worth $1,414,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Boston Trust Walden Corp lifted its position in shares of Selective Insurance Group by 8.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider’s stock worth $98,694,000 after purchasing an additional 84,341 shares in the last quarter. Financial Strategies Group Inc. raised its holdings in Selective Insurance Group by 22.6% in the fourth quarter. Financial Strategies Group Inc. now owns 6,155 shares of the insurance provider’s stock valued at $552,000 after acquiring an additional 1,136 shares in the last quarter. Berry Wealth Group LP raised its holdings in Selective Insurance Group by 54.5% in the fourth quarter. Berry Wealth Group LP now owns 3,401 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 1,200 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in Selective Insurance Group by 73.1% in the fourth quarter. Ausbil Investment Management Ltd now owns 7,446 shares of the insurance provider’s stock valued at $688,000 after acquiring an additional 3,145 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in Selective Insurance Group by 3.8% in the fourth quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider’s stock valued at $369,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock opened at $82.77 on Tuesday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 25.71 and a beta of 0.61. Selective Insurance Group, Inc. has a 52 week low of $80.84 and a 52 week high of $109.58. The company has a quick ratio of 0.35, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $94.33 and its two-hundred day moving average is $92.65.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) 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%. Research analysts forecast that Selective Insurance Group, Inc. will post 7.77 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.84%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 47.21%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of Selective Insurance Group from $114.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Royal Bank of Canada raised their target price on shares of Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Morgan Stanley reduced their target price on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Bank of America increased their price target on shares of Selective Insurance Group from $96.00 to $102.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.00.

Selective Insurance Group Profile

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.