Zeke Capital Advisors LLC acquired a new position in shares of Selective Insurance Group (NASDAQ:SIGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,457 shares of the insurance provider’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. GW&K Investment Management LLC grew its holdings in shares of Selective Insurance Group by 12.9% during the fourth quarter. GW&K Investment Management LLC now owns 8,215 shares of the insurance provider’s stock worth $482,000 after buying an additional 940 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Selective Insurance Group by 3.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 36,577 shares of the insurance provider’s stock worth $2,147,000 after buying an additional 1,065 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Selective Insurance Group by 46.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,697 shares of the insurance provider’s stock worth $217,000 after buying an additional 1,171 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Selective Insurance Group by 21.8% during the fourth quarter. Flinton Capital Management LLC now owns 6,720 shares of the insurance provider’s stock worth $394,000 after buying an additional 1,204 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Selective Insurance Group by 1.2% during the fourth quarter. Teachers Advisors LLC now owns 103,333 shares of the insurance provider’s stock worth $6,066,000 after buying an additional 1,229 shares during the last quarter. 78.68% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Selective Insurance Group (SIGI) opened at $59.95 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $3,608.20, a PE ratio of 19.70, a P/E/G ratio of 0.90 and a beta of 1.34. Selective Insurance Group has a 12-month low of $44.65 and a 12-month high of $62.40.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The firm had revenue of $633.70 million during the quarter, compared to the consensus estimate of $632.30 million. Selective Insurance Group had a net margin of 6.83% and a return on equity of 11.11%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. equities analysts forecast that Selective Insurance Group will post 3.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. Selective Insurance Group’s payout ratio is currently 25.26%.

SIGI has been the topic of a number of research reports. ValuEngine raised Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, December 13th. BidaskClub raised Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Keefe, Bruyette & Woods set a $62.00 price target on Selective Insurance Group and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $59.00 price target on shares of Selective Insurance Group in a report on Friday, December 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Selective Insurance Group presently has a consensus rating of “Buy” and an average price target of $63.33.

WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/zeke-capital-advisors-llc-acquires-shares-of-3457-selective-insurance-group-sigi/1961394.html.

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.

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 (NASDAQ:SIGI).

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

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