California State Teachers Retirement System lifted its position in Selective Insurance Group (NASDAQ:SIGI) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,220 shares of the insurance provider’s stock after buying an additional 1,089 shares during the period. California State Teachers Retirement System owned about 0.15% of Selective Insurance Group worth $6,859,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in Selective Insurance Group in the second quarter worth about $184,000. Creative Planning raised its holdings in Selective Insurance Group by 0.7% during the second quarter. Creative Planning now owns 31,099 shares of the insurance provider’s stock valued at $2,329,000 after acquiring an additional 206 shares during the period. SG Americas Securities LLC raised its holdings in Selective Insurance Group by 14.3% during the second quarter. SG Americas Securities LLC now owns 45,411 shares of the insurance provider’s stock valued at $3,401,000 after acquiring an additional 5,676 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Selective Insurance Group by 12.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,640 shares of the insurance provider’s stock valued at $2,444,000 after acquiring an additional 3,610 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Selective Insurance Group by 309.6% in the second quarter. First Trust Advisors LP now owns 54,359 shares of the insurance provider’s stock valued at $4,071,000 after acquiring an additional 41,089 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.
SIGI opened at $66.65 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.12 and a beta of 0.70. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $66.87 and a 200 day moving average of $73.89. Selective Insurance Group has a 12 month low of $56.22 and a 12 month high of $81.35.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $0.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.14). The firm had revenue of $710.40 million for the quarter, compared to the consensus estimate of $718.14 million. Selective Insurance Group had a net margin of 8.53% and a return on equity of 12.83%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. On average, research analysts forecast that Selective Insurance Group will post 4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.92 annualized dividend and a yield of 1.38%. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.20. Selective Insurance Group’s dividend payout ratio (DPR) is presently 25.14%.
In other Selective Insurance Group news, Director Terrence W. Cavanaugh bought 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of $65.00 per share, with a total value of $65,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.
A number of research analysts recently commented on SIGI shares. Buckingham Research boosted their price target on Selective Insurance Group from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. BidaskClub cut Selective Insurance Group from a “sell” rating to a “strong sell” rating in a report on Saturday, November 9th. Finally, ValuEngine upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.00.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company’s products and services include property insurance, which covers the financial consequences of accidental loss of an insured’s real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured’s negligent acts, omissions, or legal liabilities.
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