Boston Advisors LLC cut its position in Selective Insurance Group (NASDAQ:SIGI) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 106,157 shares of the insurance provider’s stock after selling 10,330 shares during the quarter. Boston Advisors LLC’s holdings in Selective Insurance Group were worth $6,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Selective Insurance Group by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock valued at $123,000 after acquiring an additional 23 shares in the last quarter. Advisor Group Inc. grew its stake in Selective Insurance Group by 41.3% during the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 1,061 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Selective Insurance Group during the second quarter valued at $199,000. Sciencast Management LP purchased a new position in Selective Insurance Group during the second quarter valued at $200,000. Finally, Eqis Capital Management Inc. purchased a new position in Selective Insurance Group during the third quarter valued at $201,000. 77.83% of the stock is owned by institutional investors.

In other Selective Insurance Group news, Director Paul D. Bauer sold 28,840 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $61.14, for a total transaction of $1,763,277.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Burville sold 1,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $58.76, for a total transaction of $58,760.00. Following the transaction, the director now owns 82,898 shares of the company’s stock, valued at approximately $4,871,086.48. The disclosure for this sale can be found here. Insiders have sold 45,375 shares of company stock valued at $2,740,784 in the last quarter. 3.00% of the stock is owned by company insiders.

Selective Insurance Group (SIGI) opened at $60.00 on Friday. Selective Insurance Group has a 52 week low of $38.50 and a 52 week high of $62.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $3,500.00, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.89 and a beta of 1.45.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The business had revenue of $621.30 million during the quarter, compared to analyst estimates of $625.80 million. During the same quarter last year, the business earned $0.66 earnings per share. Selective Insurance Group’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts predict that Selective Insurance Group will post 3.08 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $55.00 target price on shares of Selective Insurance Group in a research note on Friday, October 27th. BidaskClub cut shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Wednesday, December 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Selective Insurance Group in a research note on Friday, October 27th. Finally, ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $56.66.

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Selective Insurance Group Profile

Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.

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

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