Aperio Group LLC boosted its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,495 shares of the insurance provider’s stock after buying an additional 2,268 shares during the period. Aperio Group LLC’s holdings in Selective Insurance Group were worth $1,676,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in Selective Insurance Group by 5.1% in the second quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock valued at $109,000 after buying an additional 106 shares during the period. CrestPoint Capital Management LLC raised its stake in Selective Insurance Group by 82.2% in the second quarter. CrestPoint Capital Management LLC now owns 19,500 shares of the insurance provider’s stock valued at $976,000 after buying an additional 8,800 shares during the period. State of Alaska Department of Revenue raised its stake in Selective Insurance Group by 78.3% in the second quarter. State of Alaska Department of Revenue now owns 11,500 shares of the insurance provider’s stock valued at $575,000 after buying an additional 5,050 shares during the period. GW&K Investment Management LLC raised its stake in Selective Insurance Group by 33.2% in the second quarter. GW&K Investment Management LLC now owns 7,095 shares of the insurance provider’s stock valued at $355,000 after buying an additional 1,770 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Selective Insurance Group by 269.0% in the first quarter. Goldman Sachs Group Inc. now owns 432,294 shares of the insurance provider’s stock valued at $20,383,000 after buying an additional 315,138 shares during the period. Institutional investors and hedge funds own 77.58% of the company’s stock.

Selective Insurance Group, Inc. (NASDAQ SIGI) traded down 1.35% during mid-day trading on Friday, hitting $50.30. The stock had a trading volume of 68,142 shares. Selective Insurance Group, Inc. has a one year low of $34.95 and a one year high of $53.75. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.52 and a beta of 1.44. The stock’s 50 day moving average price is $50.75 and its 200 day moving average price is $48.16.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The company had revenue of $614.50 million for the quarter, compared to the consensus estimate of $611.62 million. During the same quarter last year, the business earned $0.74 EPS. Selective Insurance Group’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Selective Insurance Group, Inc. will post $3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 22.22%.

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Several research firms recently weighed in on SIGI. BidaskClub upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada restated a “hold” rating and issued a $48.00 target price on shares of Selective Insurance Group in a report on Wednesday, July 12th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a report on Thursday, July 27th. ValuEngine lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.73.

In other Selective Insurance Group news, Director Paul D. Bauer sold 1,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.06, for a total transaction of $51,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A David Brown sold 6,275 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $50.49, for a total value of $316,824.75. Following the transaction, the director now owns 21,650 shares in the company, valued at approximately $1,093,108.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,547 shares of company stock worth $1,031,269. Corporate insiders own 3.00% of the company’s stock.

About Selective Insurance Group

Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.

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

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