Inceptionr LLC Raises Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Inceptionr LLC lifted its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 200.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,446 shares of the insurance provider’s stock after buying an additional 14,297 shares during the quarter. Selective Insurance Group makes up 0.4% of Inceptionr LLC’s holdings, making the stock its 23rd largest position. Inceptionr LLC’s holdings in Selective Insurance Group were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SIGI. R Squared Ltd purchased a new stake in shares of Selective Insurance Group in the fourth quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock worth $40,000 after buying an additional 116 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock worth $42,000 after buying an additional 402 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock worth $45,000 after buying an additional 190 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Selective Insurance Group by 18.1% in the third quarter. KBC Group NV now owns 1,840 shares of the insurance provider’s stock worth $172,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.71.

Selective Insurance Group Trading Down 0.8 %

Shares of Selective Insurance Group stock opened at $85.04 on Thursday. Selective Insurance Group, Inc. has a fifty-two week low of $78.13 and a fifty-two week high of $109.58. The stock has a 50 day moving average of $88.34 and a 200 day moving average of $92.09. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.34 and a current ratio of 0.34.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. As a group, research analysts predict that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. Selective Insurance Group’s dividend payout ratio is currently 47.20%.

Selective Insurance Group Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.