Roxbury Financial LLC Takes Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Roxbury Financial LLC bought a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,760 shares of the insurance provider’s stock, valued at approximately $180,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in Selective Insurance Group by 171.6% during the third quarter. Barclays PLC now owns 114,790 shares of the insurance provider’s stock worth $10,711,000 after buying an additional 72,530 shares during the period. JPMorgan Chase & Co. raised its position in Selective Insurance Group by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider’s stock valued at $37,801,000 after purchasing an additional 7,563 shares in the last quarter. Quest Partners LLC lifted its stake in Selective Insurance Group by 2,486.8% in the third quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider’s stock worth $712,000 after acquiring an additional 7,336 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Selective Insurance Group by 38.4% during the third quarter. Franklin Resources Inc. now owns 6,296 shares of the insurance provider’s stock worth $603,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Selective Insurance Group by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider’s stock worth $80,956,000 after acquiring an additional 21,374 shares in the last quarter. 82.88% of the stock is owned by hedge funds and other institutional investors.

Selective Insurance Group Stock Down 1.2 %

SIGI stock opened at $82.15 on Friday. The company has a market capitalization of $4.99 billion, a P/E ratio of 25.51 and a beta of 0.61. The company has a current ratio of 0.34, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17. Selective Insurance Group, Inc. has a twelve month low of $80.84 and a twelve month high of $109.58. The firm has a 50 day simple moving average of $91.38 and a 200-day simple moving average of $92.39.

Selective Insurance Group (NASDAQ:SIGI) last issued its 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 return on equity of 7.33% and a net margin of 4.26%. On average, equities research analysts predict that Selective Insurance Group, Inc. will post 7.64 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The business also recently declared 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, February 14th. Selective Insurance Group’s payout ratio is 47.21%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SIGI shares. Morgan Stanley dropped their price objective on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. BMO Capital Markets raised Selective Insurance Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $95.00 to $105.00 in a research note on Wednesday, October 30th. Finally, JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.