WINTON GROUP Ltd Has $1.09 Million Stock Position in Selective Insurance Group, Inc. $SIGI

WINTON GROUP Ltd increased its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 102.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,497 shares of the insurance provider’s stock after purchasing an additional 6,834 shares during the quarter. WINTON GROUP Ltd’s holdings in Selective Insurance Group were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Corp purchased a new position in shares of Selective Insurance Group in the third quarter worth approximately $29,000. Amundi boosted its stake in Selective Insurance Group by 398.7% in the 1st quarter. Amundi now owns 389 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 311 shares during the period. Rothschild Investment LLC grew its position in Selective Insurance Group by 680.0% during the 3rd quarter. Rothschild Investment LLC now owns 546 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 476 shares in the last quarter. Versant Capital Management Inc grew its position in Selective Insurance Group by 362.1% during the 3rd quarter. Versant Capital Management Inc now owns 901 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 706 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Selective Insurance Group by 415.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 82.88% of the company’s stock.

Selective Insurance Group Stock Down 0.2%

Shares of Selective Insurance Group stock opened at $76.76 on Thursday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 10.25 and a beta of 0.23. The stock has a 50-day simple moving average of $83.84 and a 200-day simple moving average of $81.23. Selective Insurance Group, Inc. has a 52-week low of $71.75 and a 52-week high of $93.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Thursday, January 29th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.33. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Selective Insurance Group had a return on equity of 14.23% and a net margin of 8.74%.The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, equities research analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.43 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. Selective Insurance Group’s dividend payout ratio is currently 22.96%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley increased their target price on Selective Insurance Group from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday, November 17th. Royal Bank Of Canada assumed coverage on Selective Insurance Group in a research note on Monday, November 24th. They issued an “outperform” rating and a $95.00 price objective for the company. Piper Sandler raised their price objective on Selective Insurance Group from $79.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on Selective Insurance Group from $82.00 to $81.00 and set a “market perform” rating on the stock in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $83.00.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.