US Bancorp DE Has $1.97 Million Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

US Bancorp DE boosted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGIFree Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,793 shares of the insurance provider’s stock after purchasing an additional 358 shares during the period. US Bancorp DE’s holdings in Selective Insurance Group were worth $1,969,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Selective Insurance Group by 68.9% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 104 shares in the last quarter. Headinvest LLC acquired a new stake in Selective Insurance Group during the 3rd quarter valued at $62,000. Morton Brown Family Wealth LLC bought a new position in Selective Insurance Group in the 4th quarter valued at $82,000. SG Americas Securities LLC boosted its stake in Selective Insurance Group by 16.5% in the fourth quarter. SG Americas Securities LLC now owns 2,001 shares of the insurance provider’s stock worth $199,000 after purchasing an additional 283 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of Selective Insurance Group during the fourth quarter worth $204,000. Institutional investors and hedge funds own 82.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SIGI. Keefe, Bruyette & Woods reduced 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. Piper Sandler reissued a “neutral” rating and issued a $104.00 target price on shares of Selective Insurance Group in a research note on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and set a $120.00 price target on shares of Selective Insurance Group in a research note on Friday, April 5th. Royal Bank of Canada dropped their price objective on 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, JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.17.

Get Our Latest Research Report on Selective Insurance Group

Insider Buying and Selling at Selective Insurance Group

In other news, COO Brenda M. Hall sold 2,626 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.88, for a total value of $278,040.88. Following the sale, the chief operating officer now owns 10,511 shares of the company’s stock, valued at $1,112,904.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Selective Insurance Group Stock Performance

SIGI stock opened at $97.61 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of 17.25, a P/E/G ratio of 0.86 and a beta of 0.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $100.82 and its two-hundred day moving average price is $101.70. Selective Insurance Group, Inc. has a 1-year low of $92.06 and a 1-year high of $109.58.

Selective Insurance Group (NASDAQ:SIGIGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.33 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.55). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.11 billion. Selective Insurance Group had a net margin of 8.02% and a return on equity of 13.73%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 earnings per share. As a group, research analysts forecast that Selective Insurance Group, Inc. will post 6.87 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, May 14th. Selective Insurance Group’s dividend payout ratio is presently 24.74%.

About Selective Insurance Group

(Free Report)

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.

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Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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