Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co decreased its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,827 shares of the insurance provider’s stock after selling 875 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Selective Insurance Group were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Selective Insurance Group in the 4th quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 402 shares during the last quarter. GAMMA Investing LLC raised its holdings in Selective Insurance Group by 64.4% during the fourth 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. Finally, KBC Group NV lifted its position in shares of Selective Insurance Group by 18.1% during the 3rd quarter. KBC Group NV now owns 1,840 shares of the insurance provider’s stock worth $172,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Price Performance

Shares of SIGI opened at $81.87 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $109.58. The firm has a 50-day simple moving average of $88.97 and a 200-day simple moving average of $92.10. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 25.43 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI) last posted 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 return on equity of 7.33% and a net margin of 4.26%. On average, equities research analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.86%. Selective Insurance Group’s dividend payout ratio is currently 47.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SIGI shares. 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. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. Finally, BMO Capital Markets raised Selective Insurance Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $95.00 to $105.00 in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.