Headlands Technologies LLC Has $1.25 Million Stock Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Headlands Technologies LLC increased its holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 68.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,344 shares of the insurance provider’s stock after acquiring an additional 5,415 shares during the period. Headlands Technologies LLC’s holdings in Selective Insurance Group were worth $1,248,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SIGI. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 116 shares in the last quarter. Arizona State Retirement System boosted its holdings in Selective Insurance Group by 0.7% during the 4th quarter. Arizona State Retirement System now owns 17,628 shares of the insurance provider’s stock worth $1,649,000 after acquiring an additional 123 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Selective Insurance Group by 1.5% in the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider’s stock worth $847,000 after acquiring an additional 137 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Selective Insurance Group by 3.8% in the fourth quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 145 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Selective Insurance Group by 3.1% during the third quarter. Glenmede Trust Co. NA now owns 5,101 shares of the insurance provider’s stock valued at $476,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Analysts Set New Price Targets

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

Selective Insurance Group Stock Up 0.5 %

Shares of NASDAQ SIGI opened at $91.96 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $5.59 billion, a PE ratio of 28.56 and a beta of 0.54. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $106.95. The business’s fifty day moving average price is $86.50 and its 200-day moving average price is $91.88.

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

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.65%. Selective Insurance Group’s dividend payout ratio is 47.20%.

Selective Insurance Group 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.