Fox Run Management L.L.C. Invests $1.01 Million in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Fox Run Management L.L.C. bought a new position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,780 shares of the insurance provider’s stock, valued at approximately $1,008,000.

A number of other large investors also recently modified their holdings of the stock. R Squared Ltd acquired a new position in Selective Insurance Group in the fourth quarter valued at approximately $25,000. UMB Bank n.a. lifted its holdings in Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after buying an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Selective Insurance Group by 957.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock valued at $42,000 after buying an additional 402 shares during the period. GAMMA Investing LLC lifted its holdings in Selective Insurance Group by 64.4% in the fourth quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock valued at $45,000 after buying an additional 190 shares during the period. Finally, Roxbury Financial LLC acquired a new position in Selective Insurance Group in the fourth quarter valued at approximately $180,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Stock Down 0.4 %

Shares of SIGI stock opened at $88.71 on Friday. The firm has a fifty day moving average of $86.81 and a 200-day moving average of $91.79. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. Selective Insurance Group, Inc. has a 12-month low of $78.13 and a 12-month high of $109.58. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 27.55 and a beta of 0.54.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. As a group, equities research analysts predict that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, February 14th. Selective Insurance Group’s dividend payout ratio is 47.20%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SIGI shares. Morgan Stanley cut their price objective on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $93.00 target price (down previously from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $98.71.

Selective Insurance Group Company Profile

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