TD Asset Management Inc Has $6.03 Million Stock Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

TD Asset Management Inc trimmed its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGIFree Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,652 shares of the insurance provider’s stock after selling 3,602 shares during the period. TD Asset Management Inc owned approximately 0.10% of Selective Insurance Group worth $6,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State of Michigan Retirement System raised its position in Selective Insurance Group by 0.7% during 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 during the period. Blue Trust Inc. raised its position in Selective Insurance Group by 68.9% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the insurance provider’s stock valued at $27,000 after buying an additional 104 shares during the period. Apollon Wealth Management LLC raised its position in Selective Insurance Group by 2.0% during the fourth quarter. Apollon Wealth Management LLC now owns 5,628 shares of the insurance provider’s stock valued at $560,000 after buying an additional 109 shares during the period. Teacher Retirement System of Texas raised its position in Selective Insurance Group by 0.5% during the fourth quarter. Teacher Retirement System of Texas now owns 27,092 shares of the insurance provider’s stock valued at $2,695,000 after buying an additional 123 shares during the period. Finally, Keybank National Association OH raised its position in Selective Insurance Group by 2.6% during the third quarter. Keybank National Association OH now owns 5,328 shares of the insurance provider’s stock valued at $550,000 after buying an additional 136 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Stock Performance

SIGI opened at $93.97 on Thursday. The company has a market cap of $5.71 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.85 and a beta of 0.55. The stock has a 50-day moving average of $100.35 and a 200-day moving average of $101.58. Selective Insurance Group, Inc. has a 52-week low of $92.06 and a 52-week high of $109.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.30 and a current ratio of 0.30.

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

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.49%. Selective Insurance Group’s dividend payout ratio is presently 24.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SIGI. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a research note on Monday, April 15th. Oppenheimer restated an “outperform” rating and issued a $120.00 target price on shares of Selective Insurance Group in a research note on Friday, April 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $104.00 target price on shares of Selective Insurance Group in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of “Hold” and a consensus price target of $105.17.

Read Our Latest Analysis on SIGI

Selective Insurance Group Company Profile

(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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