Oregon Public Employees Retirement Fund cut its stock position in Selective Insurance Group, Inc. (NASDAQ:SIGI)


Oregon Public Employees Retirement Fund decreased its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI – Get Rating ) by 2.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,177 shares of the insurance provider’s stock after selling 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Selective Insurance Group were worth $1,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Selective Insurance Group by 1.7% during the fourth quarter. State Street Corp now owns 1,885,938 shares of the insurance provider’s stock valued at $154,534,000 after buying an additional 32,382 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Selective Insurance Group by 1.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,522,240 shares of the insurance provider’s stock worth $124,732,000 after buying an additional 17,120 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Selective Insurance Group by 3.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,309,191 shares of the insurance provider’s stock worth $107,275,000 after buying an additional 42,207 shares in the last quarter. Northern Trust Corp raised its stake in shares of Selective Insurance Group by 0.8% in the 4th quarter. Northern Trust Corp now owns 1,046,957 shares of the insurance provider’s stock worth $85,788,000 after purchasing an additional 7,802 shares in the last quarter. Finally, Atlanta Capital Management Co. LLC raised its stake in shares of Selective Insurance Group by 19.2% in the 4th quarter. Atlanta Capital Management Co. LLC now owns 886,879 shares of the insurance provider’s stock worth $72,671,000 after buying an additional 143,130 shares in the last quarter. Institutional investors and hedge funds own 81.37% of the company’s shares.

Shares of SIGI opened at $88.05 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29, and a debt-to-equity ratio of 0.20. Selective Insurance Group, Inc. it has a 12-month low of $74.29 and a 12-month high of $94.35. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 5.20 and a beta of 0.72. The business’s 50-day moving average is $80.01 and its 200-day moving average is $81.56.

Selective Insurance Group (NASDAQ:SIGI – Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The insurance provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. Selective Insurance Group had a return on equity of 13.77% and a net margin of 10.19%. The company had revenue of $846.10 million for the quarter, compared to analysts’ expectations of $883.09 million. During the same period a year ago, the firm posted $1.70 EPS. Selective Insurance Group’s revenue was up 5.2% compared to the same quarter last year. As a group, stock analysts predict that Selective Insurance Group, Inc. will post 5.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 16th were given a $0.28 dividend. This represents an annual dividend of $1.12 and a yield of 1.27%. The ex-dividend date was Friday, May 13th. Selective Insurance Group’s payout ratio is 19.86%.

Several equities analysts recently weighed in on the company. StockNews.com assumed coverage on Selective Insurance Group in a research note on Thursday, March 31st. They issued a “hold” rating on the company. Morgan Stanley assumed coverage on Selective Insurance Group in a research note on Monday, June 27th. They issued an “overweight” rating and a $98.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.50, according to data from MarketBeat.com.

Selective Insurance Group Profile (Get rating)

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The company offers property insurance products, which cover the financial consequences of accidental loss of the insured’s real estate, personal property and/or earnings due to loss of property; and casualty insurance products that cover the financial consequences of employee injuries during employment, and bodily injury and/or property damage to a third party, as well as flood insurance products.

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



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