Dubuque Bank & Trust Co. Has $411,000 Position in Selective Insurance Group (SIGI)
Dubuque Bank & Trust Co. lowered its holdings in Selective Insurance Group (NASDAQ:SIGI) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,994 shares of the insurance provider’s stock after selling 1,301 shares during the period. Dubuque Bank & Trust Co.’s holdings in Selective Insurance Group were worth $411,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SIGI. Public Employees Retirement System of Ohio increased its stake in Selective Insurance Group by 0.9% in 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 during the period. Advisor Group Inc. boosted its position in Selective Insurance Group by 41.3% in the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock valued at $182,000 after buying an additional 1,061 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Selective Insurance Group in the second quarter valued at about $199,000. Sciencast Management LP acquired a new position in Selective Insurance Group in the second quarter valued at about $200,000. Finally, Eqis Capital Management Inc. acquired a new position in Selective Insurance Group in the third quarter valued at about $201,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John Burville sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $58.68, for a total value of $293,400.00. Following the transaction, the director now directly owns 79,898 shares in the company, valued at $4,688,414.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul D. Bauer sold 28,840 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 43,775 shares of company stock worth $2,646,564 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
Selective Insurance Group (SIGI) opened at $56.05 on Friday. Selective Insurance Group has a 12-month low of $42.80 and a 12-month high of $62.40. The stock has a market cap of $3,381.30, a P/E ratio of 19.67, a PEG ratio of 0.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.29.
Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.06. Selective Insurance Group had a net margin of 6.83% and a return on equity of 11.11%. The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $632.30 million. During the same period in the prior year, the business earned $0.75 earnings per share. Selective Insurance Group’s quarterly revenue was up 8.8% on a year-over-year basis. research analysts anticipate that Selective Insurance Group will post 3.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.72 annualized dividend and a yield of 1.28%. Selective Insurance Group’s dividend payout ratio is currently 25.26%.
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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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