Selective Insurance Group (SIGI) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can boosted its holdings in Selective Insurance Group (NASDAQ:SIGI) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,563 shares of the insurance provider’s stock after acquiring an additional 2,196 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Selective Insurance Group were worth $5,032,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Selective Insurance Group by 224.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 457 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 316 shares in the last quarter. Sageworth Trust Co purchased a new position in Selective Insurance Group in the first quarter worth $33,000. Quadrant Capital Group LLC raised its position in Selective Insurance Group by 442.7% in the first quarter. Quadrant Capital Group LLC now owns 1,118 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 912 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in Selective Insurance Group in the fourth quarter worth $101,000. Finally, Quantamental Technologies LLC purchased a new position in Selective Insurance Group in the first quarter worth $106,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. BidaskClub upgraded Selective Insurance Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, May 2nd. Finally, Zacks Investment Research cut Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $65.33.
Shares of SIGI stock opened at $71.65 on Friday. Selective Insurance Group has a fifty-two week low of $54.70 and a fifty-two week high of $72.65. The firm has a market capitalization of $4.22 billion, a PE ratio of 17.39, a PEG ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). Selective Insurance Group had a net margin of 8.32% and a return on equity of 13.72%. The firm had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $697.30 million. During the same quarter in the prior year, the business earned $0.46 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Selective Insurance Group will post 4.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, May 14th. Selective Insurance Group’s dividend payout ratio is currently 21.86%.
Selective Insurance Group Profile
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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