2,773 Shares in Selective Insurance Group, Inc. (NASDAQ:SIGI) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,773 shares of the insurance provider’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Selective Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,206,485 shares of the insurance provider’s stock valued at $617,421,000 after purchasing an additional 41,276 shares during the last quarter. CWM LLC raised its stake in Selective Insurance Group by 2,015.6% in the 1st quarter. CWM LLC now owns 3,808 shares of the insurance provider’s stock valued at $416,000 after purchasing an additional 3,628 shares during the last quarter. Ballentine Partners LLC acquired a new position in Selective Insurance Group in the 1st quarter valued at about $204,000. RMR Wealth Builders raised its stake in Selective Insurance Group by 12.4% in the 1st quarter. RMR Wealth Builders now owns 2,547 shares of the insurance provider’s stock valued at $278,000 after purchasing an additional 281 shares during the last quarter. Finally, Procyon Advisors LLC raised its stake in Selective Insurance Group by 16.7% in the 1st quarter. Procyon Advisors LLC now owns 12,875 shares of the insurance provider’s stock valued at $1,406,000 after purchasing an additional 1,839 shares during the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Selective Insurance Group

In other Selective Insurance Group news, Director Terrence W. Cavanaugh purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average price of $85.85 per share, for a total transaction of $171,700.00. Following the completion of the acquisition, the director now owns 20,651 shares of the company’s stock, valued at approximately $1,772,888.35. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO John J. Marchioni acquired 2,400 shares of the stock in a transaction on Monday, July 22nd. The stock was bought at an average price of $83.56 per share, with a total value of $200,544.00. Following the completion of the transaction, the chief executive officer now directly owns 136,397 shares of the company’s stock, valued at $11,397,333.32. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Terrence W. Cavanaugh acquired 2,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average cost of $85.85 per share, with a total value of $171,700.00. Following the transaction, the director now directly owns 20,651 shares of the company’s stock, valued at $1,772,888.35. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

Selective Insurance Group Trading Down 0.2 %

NASDAQ SIGI opened at $98.68 on Friday. Selective Insurance Group, Inc. has a one year low of $81.00 and a one year high of $109.58. The company’s 50 day moving average price is $91.17 and its 200 day moving average price is $93.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.58 and a beta of 0.56.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Thursday, July 18th. The insurance provider reported ($1.10) EPS for the quarter, missing the consensus estimate of $1.49 by ($2.59). Selective Insurance Group had a net margin of 5.12% and a return on equity of 8.75%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.99 EPS. On average, sell-side analysts predict that Selective Insurance Group, Inc. will post 3.83 EPS for the current year.

Analyst Upgrades and Downgrades

SIGI has been the subject of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research note on Tuesday, July 23rd. Bank of America upped their price objective on shares of Selective Insurance Group from $89.00 to $96.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. BMO Capital Markets upped their price objective on shares of Selective Insurance Group from $92.00 to $95.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $104.00 to $99.00 in a research note on Monday, July 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Selective Insurance Group from $103.00 to $96.00 and set a “sector perform” rating for the company in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.50.

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.