Rise Advisors LLC purchased a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI – Free Report) during the first quarter, HoldingsChannel.com reports. The firm purchased 247 shares of the insurance provider’s stock, valued at approximately $27,000.
A number of other institutional investors have also recently modified their holdings of the business. CWM LLC boosted its stake in shares of Selective Insurance Group by 2,015.6% in the first quarter. CWM LLC now owns 3,808 shares of the insurance provider’s stock valued at $416,000 after buying an additional 3,628 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Selective Insurance Group in the first quarter valued at approximately $305,000. Quadrature Capital Ltd purchased a new stake in shares of Selective Insurance Group in the fourth quarter valued at approximately $1,041,000. Skyline Advisors Inc. purchased a new stake in shares of Selective Insurance Group in the fourth quarter valued at approximately $754,000. Finally, Vanguard Group Inc. boosted its position in Selective Insurance Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,206,485 shares of the insurance provider’s stock worth $617,421,000 after purchasing an additional 41,276 shares in the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.
Selective Insurance Group Stock Up 1.0 %
Shares of NASDAQ:SIGI opened at $92.82 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.18. Selective Insurance Group, Inc. has a 52-week low of $89.78 and a 52-week high of $109.58. The stock’s fifty day simple moving average is $97.26 and its 200-day simple moving average is $100.82. The company has a market capitalization of $5.64 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.83 and a beta of 0.55.
Selective Insurance Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. Selective Insurance Group’s dividend payout ratio is currently 24.74%.
Analysts Set New Price Targets
A number of analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and set a $120.00 target price on shares of Selective Insurance Group in a research report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of Selective Insurance Group in a research report on Monday, April 15th. Finally, Piper Sandler reiterated a “neutral” rating and set a $104.00 target price on shares of Selective Insurance Group in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Selective Insurance Group has an average rating of “Hold” and an average target price of $107.60.
Read Our Latest Report on SIGI
Selective Insurance Group Company 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.
Featured Stories
- Five stocks we like better than Selective Insurance Group
- How to Read Stock Charts for Beginners
- Darden Stock Up After Q4 Earnings Beat, Cautious FY25 Outlook
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Celsius Stock: Why Piper Sandler Forecasts a 50% Surge
- How to Invest in the FAANG Stocks
- Accenture’s Stock Earnings Reveal an AI-Powered Growth Strategy
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, Inc. (NASDAQ:SIGI – Free Report).
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.