Selective Insurance Group (SIGI) Stake Maintained by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY held its stake in Selective Insurance Group (NASDAQ:SIGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,427 shares of the company’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY’s holdings in Selective Insurance Group were worth $1,697,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Selective Insurance Group by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 1,271,657 shares of the company’s stock valued at $50,688,000 after buying an additional 28,094 shares during the period. Victory Capital Management Inc. increased its stake in Selective Insurance Group by 15.3% in the third quarter. Victory Capital Management Inc. now owns 3,571 shares of the company’s stock valued at $142,000 after buying an additional 474 shares during the period. TD Asset Management Inc. increased its stake in Selective Insurance Group by 23.2% in the third quarter. TD Asset Management Inc. now owns 39,800 shares of the company’s stock valued at $1,586,000 after buying an additional 7,500 shares during the period. Neuberger Berman Group LLC bought a new stake in Selective Insurance Group during the third quarter valued at $226,000. Finally, Aperio Group LLC increased its stake in Selective Insurance Group by 14.3% in the third quarter. Aperio Group LLC now owns 29,561 shares of the company’s stock valued at $1,178,000 after buying an additional 3,692 shares during the period. 77.10% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

Selective Insurance Group (NASDAQ:SIGI) opened at 48.05 on Tuesday. Selective Insurance Group has a one year low of $33.60 and a one year high of $49.05. The stock’s 50 day moving average is $44.67 and its 200-day moving average is $41.65. The firm has a market capitalization of $2.80 billion, a PE ratio of 17.80 and a beta of 1.29.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.13. Selective Insurance Group had a net margin of 6.94% and a return on equity of 10.55%. The business earned $582.40 million during the quarter, compared to analyst estimates of $500.43 million. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Selective Insurance Group will post $2.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued a $0.16 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.64 annualized dividend and a yield of 1.33%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 23.70%.

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Several research firms have weighed in on SIGI. Boenning Scattergood began coverage on shares of Selective Insurance Group in a research note on Thursday, March 2nd. They issued a “neutral” rating and a $45.65 price target for the company. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, December 28th. Royal Bank of Canada downgraded shares of Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 price target for the company. in a research note on Friday, December 9th. Finally, Sandler O’Neill began coverage on shares of Selective Insurance Group in a research note on Monday, January 23rd. They issued a “hold” rating and a $44.00 price target for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Selective Insurance Group presently has a consensus rating of “Hold” and an average target price of $44.13.

In other Selective Insurance Group news, Director J Brian Thebault sold 2,888 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $43.18, for a total value of $124,703.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia S. Nicholson sold 6,900 shares of the company’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $43.00, for a total transaction of $296,700.00. The disclosure for this sale can be found here. Insiders sold a total of 21,642 shares of company stock valued at $940,894 over the last 90 days. Company insiders own 3.00% of the company’s stock.

About Selective Insurance Group

Selective Insurance Group, Inc is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies.

5 Day Chart for NASDAQ:SIGI

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