Choreo LLC Acquires Shares of 3,211 Selective Insurance Group, Inc. (NASDAQ:SIGI)

Choreo LLC purchased a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,211 shares of the insurance provider’s stock, valued at approximately $300,000.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Selective Insurance Group during the fourth quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in Selective Insurance Group during the 3rd quarter valued at approximately $27,000. UMB Bank n.a. boosted its position in Selective Insurance Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Selective Insurance Group by 957.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 402 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Selective Insurance Group by 64.4% in the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Selective Insurance Group from $96.00 to $99.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Bank of America upped their target price on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Morgan Stanley lowered their price target on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $95.00 to $105.00 in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.71.

Selective Insurance Group Trading Up 0.8 %

Shares of NASDAQ:SIGI opened at $83.18 on Friday. The business’s 50-day moving average is $92.03 and its 200 day moving average is $92.50. Selective Insurance Group, Inc. has a 1 year low of $80.84 and a 1 year high of $109.58. The firm has a market capitalization of $5.06 billion, a P/E ratio of 25.83 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.35.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. On average, research analysts predict that Selective Insurance Group, Inc. will post 7.64 earnings per share for the current fiscal year.

Selective Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. Selective Insurance Group’s dividend payout ratio is currently 47.21%.

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.