AHL Partners LLP cut its stake in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 47.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,918 shares of the insurance provider’s stock after selling 8,982 shares during the period. AHL Partners LLP’s holdings in Selective Insurance Group were worth $496,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its position in shares of Selective Insurance Group by 65.2% in the first quarter. UBS Asset Management Americas Inc. now owns 37,384 shares of the insurance provider’s stock valued at $1,763,000 after buying an additional 14,758 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Selective Insurance Group by 7.6% in the first quarter. Victory Capital Management Inc. now owns 3,750 shares of the insurance provider’s stock valued at $177,000 after buying an additional 265 shares during the last quarter. United Services Automobile Association raised its position in shares of Selective Insurance Group by 5.1% in the first quarter. United Services Automobile Association now owns 17,550 shares of the insurance provider’s stock valued at $827,000 after buying an additional 850 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Selective Insurance Group by 7.0% in the first quarter. OppenheimerFunds Inc. now owns 35,489 shares of the insurance provider’s stock valued at $1,673,000 after buying an additional 2,316 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Selective Insurance Group by 3.2% in the first quarter. Teachers Advisors LLC now owns 97,284 shares of the insurance provider’s stock valued at $4,587,000 after buying an additional 3,009 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Shares of Selective Insurance Group, Inc. (NASDAQ SIGI) opened at 55.80 on Friday. The company’s 50-day moving average is $52.49 and its 200 day moving average is $50.63. The firm has a market capitalization of $3.26 billion, a PE ratio of 19.44 and a beta of 1.44. Selective Insurance Group, Inc. has a 52-week low of $34.95 and a 52-week high of $56.75.

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 net margin of 7.13% and a return on equity of 10.82%. The company had revenue of $614.50 million for the quarter, compared to analyst estimates of $611.62 million. During the same period in the prior year, the company earned $0.74 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Selective Insurance Group, Inc. will post $2.95 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on SIGI. Zacks Investment Research cut shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 14th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price objective on shares of Selective Insurance Group in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods set a $48.00 price objective on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.91.

In related news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $50.81, for a total transaction of $33,788.65. Following the completion of the sale, the director now owns 15,177 shares of the company’s stock, valued at approximately $771,143.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul D. Bauer sold 1,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.06, for a total transaction of $51,060.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,148 shares of company stock valued at $210,141. 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.

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

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