Corient Private Wealth LLC Sells 284 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Corient Private Wealth LLC cut its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,360 shares of the insurance provider’s stock after selling 284 shares during the period. Corient Private Wealth LLC’s holdings in Selective Insurance Group were worth $314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Selective Insurance Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 116 shares in the last quarter. Arizona State Retirement System boosted its position in Selective Insurance Group by 0.7% during the fourth quarter. Arizona State Retirement System now owns 17,628 shares of the insurance provider’s stock worth $1,649,000 after purchasing an additional 123 shares during the period. Pacer Advisors Inc. grew its holdings in Selective Insurance Group by 1.5% during the fourth quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider’s stock valued at $847,000 after purchasing an additional 137 shares during the last quarter. Caprock Group LLC raised its position in shares of Selective Insurance Group by 3.8% in the fourth quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 145 shares during the period. Finally, Glenmede Trust Co. NA raised its position in shares of Selective Insurance Group by 3.1% in the third quarter. Glenmede Trust Co. NA now owns 5,101 shares of the insurance provider’s stock valued at $476,000 after purchasing an additional 155 shares during the period. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group Trading Down 0.5 %

SIGI stock opened at $91.79 on Monday. The business’s 50 day moving average is $86.59 and its 200-day moving average is $91.86. Selective Insurance Group, Inc. has a 1-year low of $78.13 and a 1-year high of $108.92. The firm has a market cap of $5.58 billion, a P/E ratio of 28.51 and a beta of 0.54. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17.

Selective Insurance Group (NASDAQ:SIGI) last announced 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%. Equities analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, February 14th. Selective Insurance Group’s dividend payout ratio is 47.20%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated 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 research note on Thursday, January 30th. Finally, Morgan Stanley dropped their target price 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 given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Selective Insurance Group currently has a consensus rating of “Hold” and an average target price 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.