O Shaughnessy Asset Management LLC Has $238,000 Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

O Shaughnessy Asset Management LLC boosted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,542 shares of the insurance provider’s stock after acquiring an additional 202 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Selective Insurance Group were worth $238,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Selective Insurance Group in the 4th quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC boosted its position in shares of Selective Insurance Group by 64.4% during the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Selective Insurance Group in the 4th quarter valued at $180,000. Institutional investors own 82.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on SIGI shares. Morgan Stanley reduced their target price on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $93.00 price target (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.17.

Selective Insurance Group Trading Up 0.7 %

NASDAQ SIGI opened at $86.63 on Monday. Selective Insurance Group, Inc. has a 52 week low of $78.13 and a 52 week high of $104.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50 day moving average price is $85.88 and its two-hundred day moving average price is $91.54. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 26.90 and a beta of 0.45.

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

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.75%. Selective Insurance Group’s payout ratio is presently 47.20%.

About Selective Insurance Group

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.