Invictus RG acquired a new position in shares of Selective Insurance Group (NASDAQ:SIGI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,789 shares of the insurance provider’s stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Selective Insurance Group by 3.5% during the third quarter. BlackRock Inc. now owns 8,434,767 shares of the insurance provider’s stock worth $535,608,000 after buying an additional 284,094 shares during the period. Macquarie Group Ltd. increased its position in shares of Selective Insurance Group by 2.2% during the second quarter. Macquarie Group Ltd. now owns 2,838,451 shares of the insurance provider’s stock worth $156,115,000 after buying an additional 60,210 shares during the period. Northern Trust Corp increased its position in shares of Selective Insurance Group by 5.1% during the second quarter. Northern Trust Corp now owns 1,414,324 shares of the insurance provider’s stock worth $77,788,000 after buying an additional 68,680 shares during the period. Bank of New York Mellon Corp increased its position in shares of Selective Insurance Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,061,088 shares of the insurance provider’s stock worth $67,379,000 after buying an additional 11,769 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Selective Insurance Group by 1.3% during the second quarter. Bank of America Corp DE now owns 681,513 shares of the insurance provider’s stock worth $37,483,000 after buying an additional 8,494 shares during the period. Institutional investors own 78.45% of the company’s stock.

Several equities research analysts have recently weighed in on SIGI shares. BidaskClub upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research report on Monday, October 29th. Zacks Investment Research restated a “hold” rating on shares of Selective Insurance Group in a report on Thursday, November 15th. Finally, JMP Securities started coverage on shares of Selective Insurance Group in a report on Friday, November 16th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $61.80.

In other news, Director Paul D. Bauer sold 2,500 shares of Selective Insurance Group stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $64.40, for a total transaction of $161,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

NASDAQ:SIGI opened at $65.10 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.17 and a beta of 1.08. Selective Insurance Group has a 12 month low of $53.55 and a 12 month high of $67.17.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $666.70 million during the quarter, compared to analysts’ expectations of $665.10 million. Selective Insurance Group had a net margin of 6.34% and a return on equity of 11.62%. As a group, research analysts anticipate that Selective Insurance Group will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, November 14th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 25.72%.

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About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.

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

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