Selective Insurance Group, Inc. $SIGI Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 138.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,686 shares of the insurance provider’s stock after acquiring an additional 36,351 shares during the period. Intech Investment Management LLC’s holdings in Selective Insurance Group were worth $5,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in Selective Insurance Group by 45.9% in the 4th quarter. True Wealth Design LLC now owns 410 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 129 shares during the last quarter. Amundi grew its stake in Selective Insurance Group by 398.7% in the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 311 shares during the last quarter. Rothschild Investment LLC grew its stake in Selective Insurance Group by 680.0% in the 3rd quarter. Rothschild Investment LLC now owns 546 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 476 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Selective Insurance Group by 38.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 555 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Finally, First Horizon Corp grew its stake in Selective Insurance Group by 52.8% in the 4th quarter. First Horizon Corp now owns 550 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 190 shares during the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Price Performance

Selective Insurance Group stock opened at $86.54 on Monday. Selective Insurance Group, Inc. has a 12-month low of $71.75 and a 12-month high of $91.65. The stock has a market capitalization of $5.18 billion, a P/E ratio of 11.84 and a beta of 0.32. The firm’s 50-day moving average is $82.21 and its two-hundred day moving average is $82.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.30 and a quick ratio of 0.30.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.12). Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $1.76 earnings per share. Selective Insurance Group’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that Selective Insurance Group, Inc. will post 7.81 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.0%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 23.53%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SIGI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Selective Insurance Group in a research note on Wednesday, March 25th. Piper Sandler raised their price target on shares of Selective Insurance Group from $82.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised their price target on shares of Selective Insurance Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Oppenheimer raised their price target on shares of Selective Insurance Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Selective Insurance Group in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $91.67.

Selective Insurance Group Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.