Selective Insurance Group (NASDAQ:SIGI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday, BidAskClub reports.

Several other equities research analysts have also recently weighed in on SIGI. ValuEngine raised Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Buckingham Research increased their price objective on Selective Insurance Group from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Selective Insurance Group has an average rating of “Hold” and an average target price of $74.00.

Shares of SIGI stock opened at $68.66 on Friday. Selective Insurance Group has a 12 month low of $56.22 and a 12 month high of $81.35. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $73.46 and its two-hundred day moving average is $74.82. The company has a market cap of $4.09 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.19 and a beta of 0.74.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.14). Selective Insurance Group had a net margin of 8.53% and a return on equity of 12.83%. The business had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.14 million. During the same period in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Selective Insurance Group will post 4.18 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Selective Insurance Group by 25.7% in the second quarter. Wells Fargo & Company MN now owns 182,254 shares of the insurance provider’s stock valued at $13,649,000 after acquiring an additional 37,295 shares during the period. BB&T Securities LLC bought a new position in Selective Insurance Group in the second quarter worth $211,000. EP Wealth Advisors LLC lifted its position in Selective Insurance Group by 4.6% in the second quarter. EP Wealth Advisors LLC now owns 3,346 shares of the insurance provider’s stock worth $251,000 after purchasing an additional 147 shares during the period. Vanguard Group Inc. lifted its position in Selective Insurance Group by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,108,078 shares of the insurance provider’s stock worth $457,433,000 after purchasing an additional 63,672 shares during the period. Finally, Aperio Group LLC lifted its position in Selective Insurance Group by 17.2% in the second quarter. Aperio Group LLC now owns 40,263 shares of the insurance provider’s stock worth $3,015,000 after purchasing an additional 5,896 shares during the period. 78.60% of the stock is owned by institutional investors.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus 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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