DuPont Capital Management Corp. Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating ) lessened its stake by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,280 shares of the insurance provider’s stock after selling 2,748 shares during the period. DuPont Capital Management Corp.’s holdings in Selective Insurance Group were worth $645,000 as of its most recent SEC filing.
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Several other institutional investors and hedge funds have also recently bought and sold shares of SIGI. Dakota Wealth Management boosted its stake in shares of Selective Insurance Group by 4.9% during the third quarter. Dakota Wealth Management now owns 2,828 shares of the insurance provider’s stock valued at $230,000 after buying an additional 132 shares during the last quarter. Mackenzie Financial Corp boosted its position in Selective Insurance Group by 4.6% during the 1st quarter. Mackenzie Financial Corp now owns 3,359 shares of the insurance provider’s stock valued at $300,000 after buying an additional 147 shares during the last quarter. Creative Planning raised its stake in Selective Insurance Group by 0.6% in the 2nd quarter. Creative Planning now owns 25,118 shares of the insurance provider’s stock valued at $2,184,000 after buying an additional 153 shares in the last quarter. Van Eck Associates Corp increased its holdings in Selective Insurance Group by 9.9% in the third quarter. Van ECK Associates Corp now owns 1,755 shares of the insurance provider’s stock valued at $143,000 after buying an additional 158 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Selective Insurance Group by 19.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,011 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 83.85% of the company’s stock.
Insider buying and selling
In other Selective Insurance Group news, Director John Burville sold 20,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $100.17, for a total transaction of $2,003,400.00. Following the completion of the sale, the director now directly owns 46,304 shares of the company’s stock, valued at $4,638,271.68. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, available through this link. In other Selective Insurance Group news, Director John Burville sold 20,000 shares of Selective Insurance Group stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $100.17, for a total transaction of $2,003,400.00. Following the transaction, the director now directly owns 46,304 shares in the company, valued at approximately $4,638,271.68. The transaction was disclosed in a filing with the SEC, which is available on the SEC website. Also, EVP Vincent M. Senia sold 7,000 shares of the stock in a transaction dated Friday, February 10th The shares were sold at an average price of $99.79, for a total value of $698,530.00. Following the completion of the sale, the executive vice president now owns 12,984 shares of the company’s stock, valued at approximately $1,295,673.36. Disclosures for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Analysts set new price targets
A number of analysts have weighed in on SIGI shares. BMO Capital Markets began coverage on Select Insurance Group in a research note on Thursday, January 19th. They set a “market perform” rating and a $90.00 target price on the stock. Piper Sandler upped their price target on shares of Selective Insurance Group from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 4th. Royal Bank of Canada upped their price objective on shares of Selective Insurance Group from $90.00 to $96.00 and gave the company a “sector perform” rating in a report on Monday, February 6th. Keefe, Bruyette & Woods boosted their target price on Selective Insurance Group from $105.00 to $107.00 and gave the stock a “market perform” rating in a report on Tuesday, February 14th. Finally, StockNews.com began coverage on Selective Insurance Group in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $100.17, based on data from MarketBeat.com.
Select Insurance Group stock 1.1%
SIGI stock opened at $96.05 on Friday. The firm has a market cap of $5.81 billion, a PE ratio of 27.13, a P/E/G ratio of 0.77 and a beta of 0.63. Selective Insurance Group, Inc. has a 12-month low of $66.81 and a 12-month high of $103.61. The company has debt to equity ratio of 0.22, current ratio of 0.33 and quick ratio of 0.33. The firm has a 50-day SMA of $97.15 and a 200-day SMA of $92.83.
Selective Insurance Group (NASDAQ:SIGI – Get Ratings ) last posted its quarterly earnings results on Friday, February 3rd. The insurance provider reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. The company had revenue of $952.20 million for the quarter, compared to analysts’ expectations of $965.14 million. Selective Insurance Group has a return on equity of 13.15% and a net margin of 6.25%. The company earned $1.56 per share in the same quarter last year. Equities research analysts forecast that Selective Insurance Group, Inc. It will post earnings per share of 6.57 for the current fiscal year.
Selective Insurance Group declared dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were given a $0.30 dividend The ex-dividend date for this dividend was Tuesday, February 14. This represents a dividend of $1.20 on an annual basis and a dividend yield of 1.25%. Selective Insurance Group’s dividend payout ratio (DPR) is 33.90%.
About Selective Insurance Group
Selective Insurance Group, Inc. is a New Jersey insurance holding company engaged in the provision of property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Standard Commercial Lines segment provides insurance products and services to commercial customers such as nonprofit organizations and local government agencies.
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