Selective Insurance Group, Inc. (NASDAQ:SIGI) Announces Quarterly Dividend of $0.43

Selective Insurance Group, Inc. (NASDAQ:SIGI) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 17th will be paid a dividend of 0.43 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 17th.

Selective Insurance Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Selective Insurance Group has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Selective Insurance Group to earn $8.85 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.4%.

Selective Insurance Group Trading Up 1.8%

SIGI opened at $97.79 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.85 billion, a P/E ratio of 13.38 and a beta of 0.29. The business has a fifty day simple moving average of $92.95 and a 200-day simple moving average of $85.80. Selective Insurance Group has a 52 week low of $71.75 and a 52 week high of $100.40.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.29. Selective Insurance Group had a return on equity of 13.71% and a net margin of 8.39%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $1.31 EPS. On average, equities analysts expect that Selective Insurance Group will post 7.84 earnings per share for the current year.

Hedge Funds Weigh In On Selective Insurance Group

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Selective Insurance Group by 56.3% in the fourth quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock valued at $339,662,000 after purchasing an additional 1,462,838 shares during the period. Norges Bank acquired a new position in Selective Insurance Group during the fourth quarter worth $65,625,000. First Trust Advisors LP raised its position in Selective Insurance Group by 239.1% in the fourth quarter. First Trust Advisors LP now owns 1,036,519 shares of the insurance provider’s stock worth $86,726,000 after acquiring an additional 730,890 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Selective Insurance Group by 332.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 420,106 shares of the insurance provider’s stock valued at $31,672,000 after acquiring an additional 322,901 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Selective Insurance Group by 40.0% in the second quarter. Bank of America Corp DE now owns 725,980 shares of the insurance provider’s stock valued at $62,906,000 after acquiring an additional 207,258 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.