Handelsbanken Fonder AB elevated its holdings in Selective Insurance coverage Group, Inc. (NASDAQ:SIGI – Free Report) by 24.8% throughout the third quarter, in keeping with its most up-to-date Type 13F submitting with the SEC. The fund owned 15,616 shares of the insurance coverage supplier’s inventory after buying an extra 3,100 shares throughout the interval. Handelsbanken Fonder AB’s holdings in Selective Insurance coverage Group had been price $1,457,000 on the finish of the latest quarter.
Different hedge funds have additionally not too long ago made modifications to their positions within the firm. Wellington Administration Group LLP raised its holdings in shares of Selective Insurance coverage Group by 188.2% within the fourth quarter. Wellington Administration Group LLP now owns 1,450,417 shares of the insurance coverage supplier’s inventory price $144,287,000 after shopping for an extra 947,147 shares throughout the interval. Westfield Capital Administration Co. LP bought a brand new stake in Selective Insurance coverage Group within the first quarter price about $55,468,000. Vanguard Group Inc. lifted its stake in Selective Insurance coverage Group by 5.9% within the first quarter. Vanguard Group Inc. now owns 6,574,472 shares of the insurance coverage supplier’s inventory price $717,735,000 after buying an extra 367,987 shares throughout the interval. Vaughan Nelson Funding Administration L.P. grew its holdings in Selective Insurance coverage Group by 27.5% throughout the 1st quarter. Vaughan Nelson Funding Administration L.P. now owns 578,501 shares of the insurance coverage supplier’s inventory price $63,155,000 after buying an extra 124,860 shares within the final quarter. Lastly, Millennium Administration LLC elevated its place in Selective Insurance coverage Group by 233.6% throughout the 2nd quarter. Millennium Administration LLC now owns 106,239 shares of the insurance coverage supplier’s inventory valued at $9,968,000 after buying an extra 74,390 shares throughout the interval. 82.88% of the inventory is at the moment owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
A lot of equities analysts not too long ago commented on the inventory. JMP Securities reissued a “market carry out” score on shares of Selective Insurance coverage Group in a analysis notice on Tuesday, July twenty third. Piper Sandler decreased their worth goal on Selective Insurance coverage Group from $104.00 to $85.00 and set a “impartial” score for the corporate in a analysis notice on Monday, July twenty second. Keefe, Bruyette & Woods upgraded Selective Insurance coverage Group from a “market carry out” score to an “outperform” score and minimize their goal worth for the corporate from $104.00 to $99.00 in a analysis notice on Monday, July twenty second. BMO Capital Markets boosted their goal worth on shares of Selective Insurance coverage Group from $92.00 to $95.00 and gave the inventory a “market carry out” score in a report on Wednesday, July twenty fourth. Lastly, Royal Financial institution of Canada lowered their worth goal on shares of Selective Insurance coverage Group from $103.00 to $96.00 and set a “sector carry out” score on the inventory in a report on Monday, July twenty second. One analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and two have issued a purchase score to the corporate. Primarily based on knowledge from MarketBeat, the corporate has a median score of “Maintain” and a consensus worth goal of $98.50.
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Selective Insurance coverage Group Buying and selling Down 0.5 %
Selective Insurance coverage Group inventory opened at $92.47 on Friday. The corporate has a debt-to-equity ratio of 0.19, a fast ratio of 0.32 and a present ratio of 0.32. The inventory has a market cap of $5.62 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The inventory has a 50-day shifting common of $89.79 and a two-hundred day shifting common of $94.38. Selective Insurance coverage Group, Inc. has a one yr low of $81.00 and a one yr excessive of $109.58.
Selective Insurance coverage Group (NASDAQ:SIGI – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, July 18th. The insurance coverage supplier reported ($1.10) EPS for the quarter, lacking the consensus estimate of $1.49 by ($2.59). The corporate had income of $1.20 billion throughout the quarter, in comparison with analysts’ expectations of $1.21 billion. Selective Insurance coverage Group had a web margin of 5.12% and a return on fairness of 8.75%. Throughout the identical interval within the earlier yr, the enterprise earned $0.99 earnings per share. On common, analysis analysts anticipate that Selective Insurance coverage Group, Inc. will submit 3.84 EPS for the present fiscal yr.
Selective Insurance coverage Group Dividend Announcement
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, September third. Stockholders of file on Thursday, August fifteenth had been paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August fifteenth. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. Selective Insurance coverage Group’s payout ratio is at the moment 24.73%.
Insider Exercise
In different information, Director Terrence W. Cavanaugh purchased 2,000 shares of Selective Insurance coverage Group inventory in a transaction that occurred on Tuesday, July twenty third. The inventory was purchased at a median worth of $85.85 per share, for a complete transaction of $171,700.00. Following the acquisition, the director now straight owns 20,651 shares of the corporate’s inventory, valued at roughly $1,772,888.35. The commerce was a 0.00 % enhance of their place. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. In different Selective Insurance coverage Group information, Director Terrence W. Cavanaugh bought 2,000 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, July twenty third. The shares had been purchased at a median worth of $85.85 per share, for a complete transaction of $171,700.00. Following the acquisition, the director now owns 20,651 shares within the firm, valued at $1,772,888.35. This represents a 0.00 % enhance of their possession of the inventory. The acquisition was disclosed in a submitting with the SEC, which is accessible by way of the SEC web site. Additionally, CEO John J. Marchioni bought 2,400 shares of Selective Insurance coverage Group inventory in a transaction on Monday, July twenty second. The shares had been acquired at a median price of $83.56 per share, with a complete worth of $200,544.00. Following the completion of the transaction, the chief government officer now straight owns 136,397 shares within the firm, valued at $11,397,333.32. The commerce was a 0.00 % enhance of their place. The disclosure for this buy will be discovered right here. Company insiders personal 1.50% of the corporate’s inventory.
Selective Insurance coverage Group Profile
Selective Insurance coverage Group, Inc, along with its subsidiaries, offers insurance coverage services and products in the USA. The corporate operates by way of 4 segments: Commonplace Business Strains, Commonplace Private Strains, E&S Strains, and Investments. It gives casualty insurance coverage merchandise that covers the monetary penalties of worker accidents in the midst of employment and bodily harm and/or property harm to a 3rd celebration; property insurance coverage merchandise, which covers the unintentional lack of an insured’s actual property, private property, and/or earnings because of the property’s loss; and flood insurance coverage merchandise.
Featured Tales
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