HighTower Advisors LLC lowered its stake in Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating) by 12.5% in the first quarter, in line with the corporate in its most up-to-date Form 13F submitting with the Securities and Exchange Commission. The institutional investor owned 48,361 shares of the insurance supplier’s inventory after promoting 6,884 shares in the course of the interval. HighTower Advisors LLC owned roughly 0.08% of Selective Insurance Group value $4,329,000 as of its most up-to-date SEC submitting.
Several different giant traders additionally lately added to or decreased their stakes in the inventory. Rockefeller Capital Management L.P. boosted its holdings in shares of Selective Insurance Group by 96.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 306 shares of the insurance supplier’s inventory value $25,000 after buying a further 150 shares in the course of the interval. Fieldpoint Private Securities LLC boosted its stake in Selective Insurance Group by 2.2% in the course of the first quarter. Fieldpoint Private Securities LLC now owns 7,414 shares of the insurance supplier’s inventory value $663,000 after shopping for a further 159 shares in the course of the interval. Van ECK Associates Corp elevated its place in Selective Insurance Group by 15.9% in the course of the first quarter. Van ECK Associates Corp now owns 1,527 shares of the insurance supplier’s inventory valued at $136,000 after buying a further 210 shares over the past quarter. Louisiana State Employees Retirement System raised its stake in shares of Selective Insurance Group by 1.9% in the primary quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the insurance supplier’s inventory valued at $1,355,000 after buying a further 300 shares in the course of the interval. Finally, Citigroup Inc. raised its stake in shares of Selective Insurance Group by 1.2% in the fourth quarter. Citigroup Inc. now owns 29,473 shares of the insurance supplier’s inventory valued at $2,415,000 after buying a further 355 shares in the course of the interval. 83.50% of the inventory is owned by institutional traders.
Insider Transactions at Selective Insurance Group
In associated information, Director Cynthia S. Nicholson bought 6,600 shares of Selective Insurance Group inventory in a transaction dated Tuesday, August sixteenth. The shares have been bought at a median worth of $83.23, for a complete transaction of $549,318.00. Following the completion of the sale, the director now owns 19,885 shares in the corporate, valued at roughly $1,655,028.55. The sale was disclosed in a doc filed with the Securities & Exchange Commission, which is obtainable at this hyperlink. Company insiders personal 2.00% of the corporate’s inventory.
Analysts Set New Price Targets
Separately, Morgan Stanley initiated protection on shares of Selective Insurance Group in a report on Monday, June twenty seventh. They issued an “overweight” ranking and a $98.00 goal worth for the corporate.
Selective Insurance Group Price Performance
Selective Insurance Group inventory opened at $79.15 on Friday. The agency has a 50-day transferring common worth of $81.96 and a 200-day transferring common worth of $82.06. The agency has a market capitalization of $4.78 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of two.70 and a beta of 0.63. The firm has a present ratio of 0.30, a fast ratio of 0.30 and a debt-to-equity ratio of 0.21. Selective Insurance Group, Inc. has a 12-month low of $66.81 and a 12-month excessive of $94.35.
Selective Insurance Group Dividend Announcement
The firm additionally lately introduced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of report on Monday, August fifteenth have been issued a $0.28 dividend. The ex-dividend date was Friday, August twelfth. This represents a $1.12 annualized dividend and a dividend yield of 1.42%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 26.23%.
Selective Insurance Group Company Profile
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Selective Insurance Group, Inc, along with its subsidiaries, offers insurance services and products in the United States. It operates via 4 segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The firm provides property insurance merchandise, which covers the monetary penalties of unintentional lack of an insured’s actual property, private property, and/or earnings because of the property’s loss; and casualty insurance merchandise that covers the monetary penalties of worker accidents in the course of employment, and bodily harm and/or property harm to a 3rd social gathering, in addition to flood insurance merchandise.
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