Selective Insurance Group (NASDAQ:SIGI) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC boosted its position in shares of Selective Insurance Group (NASDAQ:SIGI) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,180 shares of the insurance provider’s stock after buying an additional 106 shares during the period. LS Investment Advisors LLC’s holdings in Selective Insurance Group were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in SIGI. 1st Global Advisors Inc. boosted its stake in shares of Selective Insurance Group by 0.9% in the first quarter. 1st Global Advisors Inc. now owns 5,600 shares of the insurance provider’s stock worth $264,000 after buying an additional 50 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Selective Insurance Group by 2.8% in the first quarter. Tyers Asset Management LLC now owns 2,464 shares of the insurance provider’s stock worth $116,000 after buying an additional 66 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Selective Insurance Group by 2.8% in the first quarter. Flinton Capital Management LLC now owns 3,136 shares of the insurance provider’s stock worth $148,000 after buying an additional 84 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Selective Insurance Group by 2.8% in the first quarter. Neuburgh Advisers LLC now owns 3,808 shares of the insurance provider’s stock worth $180,000 after buying an additional 102 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Selective Insurance Group by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,770 shares of the insurance provider’s stock worth $790,000 after buying an additional 130 shares during the period. 77.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down 2.63% during mid-day trading on Friday, hitting $49.65. The company had a trading volume of 221,321 shares. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 17.29 and a beta of 1.44. The stock’s 50-day moving average is $50.76 and its 200-day moving average is $48.22. Selective Insurance Group has a 52-week low of $34.95 and a 52-week high of $53.75.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $614.50 million during the quarter, compared to analyst estimates of $611.62 million. Selective Insurance Group had a return on equity of 10.24% and a net margin of 6.73%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. Equities analysts forecast that Selective Insurance Group will post $3.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. Selective Insurance Group’s dividend payout ratio (DPR) is 22.22%.

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A number of analysts recently issued reports on the company. BidaskClub raised Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 target price on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Boenning Scattergood reissued a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. ValuEngine cut Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.73.

In other Selective Insurance Group news, Director A David Brown sold 6,275 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $50.49, for a total value of $316,824.75. Following the completion of the sale, the director now directly owns 21,650 shares in the company, valued at $1,093,108.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul D. Bauer sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.06, for a total value of $51,060.00. The disclosure for this sale can be found here. Insiders sold 20,547 shares of company stock valued at $1,031,269 over the last 90 days. 3.00% of the stock is currently owned by insiders.

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.

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

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