Blue Trust Inc. Has $57,000 Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Blue Trust Inc. reduced its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 66.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 610 shares of the insurance provider’s stock after selling 1,198 shares during the period. Blue Trust Inc.’s holdings in Selective Insurance Group were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIGI. FMR LLC lifted its stake in shares of Selective Insurance Group by 28.6% in the 3rd quarter. FMR LLC now owns 5,468,801 shares of the insurance provider’s stock valued at $510,239,000 after purchasing an additional 1,216,801 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Selective Insurance Group during the third quarter valued at about $37,726,000. Eagle Asset Management Inc. lifted its position in shares of Selective Insurance Group by 112.7% in the third quarter. Eagle Asset Management Inc. now owns 427,180 shares of the insurance provider’s stock worth $42,667,000 after buying an additional 226,387 shares during the last quarter. Emerald Advisers LLC bought a new stake in shares of Selective Insurance Group during the 3rd quarter worth about $11,767,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Selective Insurance Group by 15.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 828,327 shares of the insurance provider’s stock valued at $77,465,000 after acquiring an additional 110,381 shares during the last quarter. 82.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets upgraded Selective Insurance Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $95.00 to $105.00 in a report on Wednesday, October 30th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Morgan Stanley lowered their target price on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.71.

Selective Insurance Group Price Performance

NASDAQ:SIGI opened at $83.02 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $109.58. The company has a fifty day moving average price of $89.19 and a 200 day moving average price of $92.17. The stock has a market cap of $5.05 billion, a P/E ratio of 25.78 and a beta of 0.61.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. Analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.83%. Selective Insurance Group’s dividend payout ratio (DPR) is 47.20%.

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.