WINTON GROUP Ltd Makes New Investment in Selective Insurance Group, Inc. (NASDAQ:SIGI)

WINTON GROUP Ltd purchased a new stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,599 shares of the insurance provider’s stock, valued at approximately $524,000.

Several other hedge funds have also made changes to their positions in SIGI. R Squared Ltd purchased a new position in Selective Insurance Group during the 4th quarter valued at about $25,000. UMB Bank n.a. grew its position in Selective Insurance Group by 37.1% during 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 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock valued at $42,000 after buying an additional 402 shares during the period. GAMMA Investing LLC lifted its position in 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 buying an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Selective Insurance Group during the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Stock Down 0.5 %

Shares of SIGI stock opened at $91.79 on Monday. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 28.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50 day simple moving average is $86.59 and its 200 day simple moving average is $91.86. Selective Insurance Group, Inc. has a twelve month low of $78.13 and a twelve month high of $108.92.

Selective Insurance Group (NASDAQ:SIGI) last issued 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%. As a group, research analysts predict that Selective Insurance Group, Inc. will post 7.62 EPS for the current year.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, February 14th. Selective Insurance Group’s dividend payout ratio (DPR) is 47.20%.

Analyst Upgrades and Downgrades

SIGI has been the subject of several recent research reports. Morgan Stanley cut their price objective on 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 reiterated a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 price objective (down previously from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.