Boston Advisors LLC cut its position in shares of Selective Insurance Group Inc. (NASDAQ:SIGI) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,045 shares of the company’s stock after selling 430 shares during the period. Boston Advisors LLC’s holdings in Selective Insurance Group were worth $6,497,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in shares of Selective Insurance Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 17,283 shares of the company’s stock valued at $660,000 after buying an additional 400 shares during the period. Strs Ohio increased its stake in Selective Insurance Group by 1.2% in the second quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $1,280,000 after buying an additional 400 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Selective Insurance Group by 1.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,035 shares of the company’s stock worth $953,000 after buying an additional 475 shares during the last quarter. Genesee Valley Trust Co. increased its stake in Selective Insurance Group by 5.8% in the second quarter. Genesee Valley Trust Co. now owns 10,700 shares of the company’s stock worth $409,000 after buying an additional 585 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in Selective Insurance Group by 7.0% in the first quarter. Commonwealth Equity Services Inc now owns 10,952 shares of the company’s stock worth $401,000 after buying an additional 712 shares during the last quarter. 76.74% of the stock is currently owned by hedge funds and other institutional investors.
Selective Insurance Group Inc. (NASDAQ:SIGI) traded up 1.15% during trading on Wednesday, reaching $40.40. 141,617 shares of the company’s stock were exchanged. The company has a market capitalization of $2.34 billion, a PE ratio of 13.66 and a beta of 1.40. The company’s 50-day moving average is $39.58 and its 200-day moving average is $37.45. Selective Insurance Group Inc. has a 1-year low of $29.27 and a 1-year high of $41.30.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. Selective Insurance Group had a net margin of 7.84% and a return on equity of 12.11%. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $569.77 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that Selective Insurance Group Inc. will post $2.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 20.27%.
Separately, Keefe, Bruyette & Woods set a $41.00 price objective on Selective Insurance Group and gave the stock a “hold” rating in a report on Monday, August 1st.
In other Selective Insurance Group news, Director A David Brown sold 6,400 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $39.23, for a total value of $251,072.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory E. Murphy sold 8,334 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $37.63, for a total transaction of $313,608.42. Following the completion of the transaction, the chief executive officer now owns 292,942 shares in the company, valued at $11,023,407.46. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies.
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