Knights of Columbus Asset Advisors LLC Has $1.52 Million Stake in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Knights of Columbus Asset Advisors LLC grew its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 102.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,233 shares of the insurance provider’s stock after purchasing an additional 7,724 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Selective Insurance Group were worth $1,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors L.P. increased its stake in Selective Insurance Group by 6.3% in the third quarter. Natixis Advisors L.P. now owns 89,197 shares of the insurance provider’s stock valued at $9,203,000 after acquiring an additional 5,289 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Selective Insurance Group by 1.8% in the 4th quarter. Boston Trust Walden Corp now owns 983,020 shares of the insurance provider’s stock valued at $97,791,000 after purchasing an additional 17,800 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Selective Insurance Group by 45.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 94,670 shares of the insurance provider’s stock worth $9,767,000 after buying an additional 29,662 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Selective Insurance Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,165,209 shares of the insurance provider’s stock worth $636,065,000 after buying an additional 41,639 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Selective Insurance Group by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 14,581 shares of the insurance provider’s stock valued at $1,451,000 after buying an additional 100 shares in the last quarter. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Stock Up 1.1 %

NASDAQ:SIGI opened at $102.49 on Monday. Selective Insurance Group, Inc. has a one year low of $91.99 and a one year high of $109.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $6.23 billion, a PE ratio of 17.58, a P/E/G ratio of 0.76 and a beta of 0.55. The firm’s 50 day simple moving average is $103.78 and its 200 day simple moving average is $102.81.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Selective Insurance Group had a net margin of 8.57% and a return on equity of 14.43%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts anticipate that Selective Insurance Group, Inc. will post 7.67 earnings per share for the current year.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, February 14th. Selective Insurance Group’s payout ratio is presently 24.01%.

Insider Buying and Selling at Selective Insurance Group

In other news, COO Brenda M. Hall sold 2,626 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $105.88, for a total transaction of $278,040.88. Following the completion of the transaction, the chief operating officer now directly owns 10,511 shares in the company, valued at $1,112,904.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SIGI. JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research note on Monday, April 15th. Piper Sandler reissued a “neutral” rating and issued a $104.00 price objective on shares of Selective Insurance Group in a research note on Monday, April 1st. Oppenheimer restated an “outperform” rating and issued a $120.00 target price on shares of Selective Insurance Group in a research report on Friday, April 5th. Royal Bank of Canada lowered their price target on shares of Selective Insurance Group from $108.00 to $105.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on Selective Insurance Group from $111.00 to $109.00 and set a “market perform” rating for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.17.

Selective Insurance Group Company 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.