Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,436 shares of the insurance provider’s stock after buying an additional 143 shares during the quarter. Los Angeles Capital Management LLC owned 0.05% of Selective Insurance Group worth $3,227,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Selective Insurance Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,165,209 shares of the insurance provider’s stock valued at $636,065,000 after purchasing an additional 41,639 shares in the last quarter. FMR LLC boosted its position in shares of Selective Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 3,866,827 shares of the insurance provider’s stock worth $398,941,000 after acquiring an additional 398,517 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Selective Insurance Group by 14.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,190,389 shares of the insurance provider’s stock worth $118,420,000 after acquiring an additional 149,901 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of Selective Insurance Group by 1.8% in the 4th quarter. Boston Trust Walden Corp now owns 983,020 shares of the insurance provider’s stock valued at $97,791,000 after acquiring an additional 17,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Selective Insurance Group by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 923,764 shares of the insurance provider’s stock worth $95,305,000 after acquiring an additional 18,508 shares in the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, COO Brenda M. Hall sold 2,626 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $105.88, for a total value of $278,040.88. Following the completion of the transaction, the chief operating officer now directly owns 10,511 shares of the company’s stock, valued at $1,112,904.68. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Selective Insurance Group Stock Performance

NASDAQ:SIGI opened at $96.41 on Monday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.77 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.30 and a quick ratio of 0.30. Selective Insurance Group, Inc. has a 1-year low of $91.99 and a 1-year high of $109.58. The firm’s fifty day moving average price is $103.38 and its 200 day moving average price is $102.59.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.55). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.11 billion. Selective Insurance Group had a return on equity of 13.73% and a net margin of 8.02%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. On average, sell-side analysts expect that Selective Insurance Group, Inc. will post 7.49 EPS for the current year.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 24.74%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SIGI shares. Royal Bank of Canada cut their price objective on shares of Selective Insurance Group from $108.00 to $105.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research note on Monday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $120.00 target price on shares of Selective Insurance Group in a research report on Friday, April 5th. Piper Sandler reissued a “neutral” rating and issued a $104.00 target price on shares of Selective Insurance Group in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods dropped their price target on Selective Insurance Group from $111.00 to $109.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $105.17.

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.