Diversified Trust Co Sells 374 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Diversified Trust Co cut its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,511 shares of the insurance provider’s stock after selling 374 shares during the quarter. Diversified Trust Co’s holdings in Selective Insurance Group were worth $929,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State of Michigan Retirement System lifted its holdings in Selective Insurance Group by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 14,581 shares of the insurance provider’s stock worth $1,451,000 after buying an additional 100 shares during the period. Blue Trust Inc. lifted its stake in shares of Selective Insurance Group by 68.9% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 104 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Selective Insurance Group by 2.0% in the 4th quarter. Apollon Wealth Management LLC now owns 5,628 shares of the insurance provider’s stock valued at $560,000 after purchasing an additional 109 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Selective Insurance Group by 0.5% in the 4th quarter. Teacher Retirement System of Texas now owns 27,092 shares of the insurance provider’s stock valued at $2,695,000 after purchasing an additional 123 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Selective Insurance Group by 0.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 32,436 shares of the insurance provider’s stock valued at $3,227,000 after purchasing an additional 143 shares during the period. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group Stock Up 0.5 %

Selective Insurance Group stock opened at $94.32 on Tuesday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.85 and a beta of 0.54. The stock has a fifty day simple moving average of $96.03 and a two-hundred day simple moving average of $100.32. Selective Insurance Group, Inc. has a 12 month low of $89.78 and a 12 month high of $109.58. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.18.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.33 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.55). Selective Insurance Group had a return on equity of 13.73% and a net margin of 8.02%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $1.44 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Equities analysts predict that Selective Insurance Group, Inc. will post 6.8 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, May 14th. Selective Insurance Group’s payout ratio is currently 24.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $103.00 target price on shares of Selective Insurance Group in a research note on Monday, June 24th. Oppenheimer restated an “outperform” rating and issued a $120.00 target price on shares of Selective Insurance Group in a research note on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of Selective Insurance Group in a research report on Monday, April 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $104.00 price objective on shares of Selective Insurance Group in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Selective Insurance Group presently has an average rating of “Hold” and an average target price of $107.20.

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.