Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 73,011 shares of the insurance provider’s stock after selling 980 shares during the period. Segall Bryant & Hamill LLC’s holdings in Selective Insurance Group were worth $6,828,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SIGI. Intech Investment Management LLC purchased a new position in shares of Selective Insurance Group in the 3rd quarter valued at about $947,000. Charles Schwab Investment Management Inc. lifted its stake in Selective Insurance Group by 2.5% in the third 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 during the last quarter. Citigroup Inc. lifted its stake in Selective Insurance Group by 207.8% in the third quarter. Citigroup Inc. now owns 53,885 shares of the insurance provider’s stock worth $5,027,000 after acquiring an additional 36,376 shares during the last quarter. Cerity Partners LLC increased its position in shares of Selective Insurance Group by 63.2% in the 3rd quarter. Cerity Partners LLC now owns 6,709 shares of the insurance provider’s stock valued at $626,000 after purchasing an additional 2,597 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of Selective Insurance Group by 95.5% in the 3rd quarter. Algert Global LLC now owns 28,196 shares of the insurance provider’s stock valued at $2,631,000 after purchasing an additional 13,770 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Stock Up 0.6 %

Shares of NASDAQ SIGI opened at $90.18 on Thursday. The business has a 50-day moving average price of $86.66 and a 200 day moving average price of $91.79. The stock has a market cap of $5.48 billion, a PE ratio of 28.01 and a beta of 0.54. 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, Inc. has a 52-week low of $78.13 and a 52-week high of $109.58.

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%. Equities research analysts forecast that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.69%. Selective Insurance Group’s payout ratio is 47.20%.

Analyst Upgrades and Downgrades

SIGI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Morgan Stanley decreased their target price on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.71.

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.