Stifel Financial Corp raised its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,405 shares of the insurance provider’s stock after purchasing an additional 24,521 shares during the quarter. Stifel Financial Corp owned 0.42% of Selective Insurance Group worth $12,390,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. LS Investment Advisors LLC lifted its holdings in shares of Selective Insurance Group by 5.1% in the second quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock valued at $109,000 after purchasing an additional 106 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Selective Insurance Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock worth $126,000 after buying an additional 204 shares during the period. Advisor Group Inc. boosted its position in shares of Selective Insurance Group by 41.3% in the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock worth $182,000 after buying an additional 1,061 shares during the period. Victory Capital Management Inc. boosted its position in shares of Selective Insurance Group by 7.6% in the first quarter. Victory Capital Management Inc. now owns 3,750 shares of the insurance provider’s stock worth $177,000 after buying an additional 265 shares during the period. Finally, First Quadrant L P CA grew its holdings in shares of Selective Insurance Group by 560.9% during the second quarter. First Quadrant L P CA now owns 4,078 shares of the insurance provider’s stock valued at $204,000 after buying an additional 3,461 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Selective Insurance Group, Inc. (SIGI) Holdings Increased by Stifel Financial Corp” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/selective-insurance-group-inc-sigi-holdings-increased-by-stifel-financial-corp/1602933.html.

SIGI has been the topic of a number of research analyst reports. BidaskClub raised Selective Insurance Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “hold” rating and set a $48.00 price objective on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. Finally, ValuEngine lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Selective Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $47.73.

Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) opened at 53.85 on Monday. Selective Insurance Group, Inc. has a 52-week low of $34.95 and a 52-week high of $54.05. The firm has a 50-day moving average of $50.39 and a 200-day moving average of $49.57. The stock has a market cap of $3.14 billion, a P/E ratio of 18.76 and a beta of 1.44.

Selective Insurance Group (NASDAQ:SIGI) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.05). Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The business had revenue of $614.50 million for the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that Selective Insurance Group, Inc. will post $3.04 EPS for the current fiscal year.

In other news, Director Michael J. Morrissey sold 665 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $50.81, for a total value of $33,788.65. Following the completion of the transaction, the director now owns 15,177 shares in the company, valued at $771,143.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul D. Bauer sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $51.06, for a total transaction of $51,060.00. The disclosure for this sale can be found here. Insiders sold 4,148 shares of company stock valued at $210,141 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Selective Insurance Group Company 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.

Want to see what other hedge funds are holding SIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Selective Insurance Group, Inc. (NASDAQ:SIGI).

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

Receive News & Ratings for Selective Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.