Selective Insurance Group, Inc. (NASDAQ:SIGI) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. increased its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,821 shares of the insurance provider’s stock after buying an additional 1,624 shares during the quarter. Natixis Advisors L.P.’s holdings in Selective Insurance Group were worth $9,034,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Selective Insurance Group by 11.5% in the third quarter. FMR LLC now owns 3,866,827 shares of the insurance provider’s stock valued at $398,941,000 after purchasing an additional 398,517 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Selective Insurance Group by 14.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,190,389 shares of the insurance provider’s stock valued at $118,420,000 after acquiring an additional 149,901 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Selective Insurance Group in the fourth quarter worth $8,361,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Selective Insurance Group in the third quarter worth $5,122,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Selective Insurance Group by 11.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 438,571 shares of the insurance provider’s stock worth $45,248,000 after purchasing an additional 45,305 shares during the last quarter. 82.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Selective Insurance Group Stock Performance

NASDAQ SIGI opened at $99.00 on Thursday. The stock’s 50 day simple moving average is $103.12 and its 200-day simple moving average is $102.48. Selective Insurance Group, Inc. has a 1-year low of $92.06 and a 1-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 $6.02 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.77 and a beta of 0.55.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, May 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.55). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Selective Insurance Group had a return on equity of 13.73% and a net margin of 8.02%. Selective Insurance Group’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. As a group, equities research analysts anticipate that Selective Insurance Group, Inc. will post 7.49 EPS for the current fiscal year.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.41%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 24.74%.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, COO Brenda M. Hall sold 2,626 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $105.88, for a total value of $278,040.88. Following the completion of the sale, the chief operating officer now directly owns 10,511 shares in the company, valued at approximately $1,112,904.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

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.