Zacks Investment Management lowered its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 19.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,814 shares of the company’s stock after selling 9,991 shares during the period. Zacks Investment Management owned about 0.07% of Selective Insurance Group worth $1,627,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Selective Insurance Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,330,663 shares of the company’s stock worth $165,474,000 after buying an additional 161,513 shares during the period. Principal Financial Group Inc. raised its stake in shares of Selective Insurance Group by 2.5% in the second quarter. Principal Financial Group Inc. now owns 418,190 shares of the company’s stock worth $15,979,000 after buying an additional 10,352 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Selective Insurance Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 7,999 shares of the company’s stock worth $306,000 after buying an additional 963 shares during the period. Victory Capital Management Inc. raised its stake in shares of Selective Insurance Group by 77.4% in the second quarter. Victory Capital Management Inc. now owns 3,097 shares of the company’s stock worth $118,000 after buying an additional 1,351 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Selective Insurance Group by 1.7% in the second quarter. UBS Asset Management Americas Inc. now owns 37,994 shares of the company’s stock worth $1,452,000 after buying an additional 636 shares during the period. 77.71% of the stock is currently owned by hedge funds and other institutional investors.

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

Selective Insurance Group, Inc. (NASDAQ:SIGI) traded up 0.84% on Friday, reaching $42.05. 219,122 shares of the company were exchanged. The stock has a 50-day moving average price of $42.36 and a 200 day moving average price of $39.77. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 15.02 and a beta of 1.26. Selective Insurance Group, Inc. has a 52 week low of $29.27 and a 52 week high of $44.00.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.08. Selective Insurance Group had a net margin of 7.32% and a return on equity of 10.96%. The firm earned $581.70 million during the quarter, compared to analyst estimates of $462.11 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. Selective Insurance Group’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts forecast that Selective Insurance Group, Inc. will post $2.60 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Selective Insurance Group, Inc. (SIGI) Shares Sold by Zacks Investment Management” was posted by Daily Political and is the propert of of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of US and international trademark & copyright legislation. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/01/13/selective-insurance-group-inc-sigi-shares-sold-by-zacks-investment-management.html.

A number of research analysts recently issued reports on SIGI shares. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, December 28th. Royal Bank Of Canada downgraded shares of Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price for the company. in a research report on Friday, December 9th. Finally, RBC Capital Markets downgraded shares of Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price for the company. in a research report on Thursday, December 8th. They noted that the move was a valuation call.

In other news, COO John J. Marchioni sold 17,107 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $40.42, for a total value of $691,464.94. Following the sale, the chief operating officer now directly owns 121,148 shares in the company, valued at approximately $4,896,802.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul D. Bauer sold 2,000 shares of the firm’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $40.60, for a total transaction of $81,200.00. Following the completion of the sale, the director now owns 74,198 shares in the company, valued at $3,012,438.80. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:SIGI

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).

Receive News & Ratings for Selective Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.