Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 180.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,816 shares of the insurance provider’s stock after purchasing an additional 6,317 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Selective Insurance Group were worth $918,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SIGI. Captrust Financial Advisors grew its holdings in Selective Insurance Group by 82.2% during the 3rd quarter. Captrust Financial Advisors now owns 5,897 shares of the insurance provider’s stock worth $550,000 after acquiring an additional 2,661 shares in the last quarter. HighTower Advisors LLC grew its holdings in Selective Insurance Group by 8.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,984 shares of the insurance provider’s stock worth $376,000 after acquiring an additional 307 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Selective Insurance Group by 5.4% during the 3rd quarter. Quantinno Capital Management LP now owns 10,729 shares of the insurance provider’s stock worth $1,001,000 after acquiring an additional 554 shares in the last quarter. State Street Corp grew its holdings in Selective Insurance Group by 3.1% during the 3rd quarter. State Street Corp now owns 2,401,897 shares of the insurance provider’s stock worth $224,097,000 after acquiring an additional 71,296 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Selective Insurance Group by 8.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 82,368 shares of the insurance provider’s stock worth $7,685,000 after acquiring an additional 6,353 shares in the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SIGI shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $95.17.

Selective Insurance Group Trading Down 0.9 %

Shares of NASDAQ:SIGI opened at $86.03 on Friday. The company has a market cap of $5.23 billion, a PE ratio of 26.72 and a beta of 0.45. The company’s 50-day moving average price is $85.82 and its 200 day moving average price is $91.57. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $104.67. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share 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 7.33%. Sell-side analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.77%. Selective Insurance Group’s dividend payout ratio is presently 47.20%.

Selective Insurance Group Company 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.