Smartleaf Asset Management LLC Has $199,000 Stake in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Smartleaf Asset Management LLC lifted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,132 shares of the insurance provider’s stock after purchasing an additional 232 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Selective Insurance Group were worth $199,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FMR LLC raised its holdings in Selective Insurance Group by 28.6% during the 3rd quarter. FMR LLC now owns 5,468,801 shares of the insurance provider’s stock worth $510,239,000 after buying an additional 1,216,801 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Selective Insurance Group during the third quarter worth $37,726,000. Eagle Asset Management Inc. lifted its position in Selective Insurance Group by 112.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 427,180 shares of the insurance provider’s stock valued at $42,667,000 after acquiring an additional 226,387 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Selective Insurance Group in the 4th quarter worth $203,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Selective Insurance Group by 15.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 828,327 shares of the insurance provider’s stock worth $77,465,000 after purchasing an additional 110,381 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Analyst Ratings Changes

SIGI has been the topic of a number of research reports. Morgan Stanley cut their price target on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Selective Insurance Group currently has an average rating of “Hold” and a consensus price target of $98.71.

Selective Insurance Group Stock Down 0.8 %

NASDAQ:SIGI opened at $85.04 on Thursday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.41 and a beta of 0.54. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. Selective Insurance Group, Inc. has a twelve month low of $78.13 and a twelve month high of $109.58. The stock’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $92.09.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results 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%. Equities research analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.79%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 47.20%.

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.