Crossmark Global Holdings Inc. Has $417,000 Position in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Crossmark Global Holdings Inc. cut its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,451 shares of the insurance provider’s stock after selling 134 shares during the period. Crossmark Global Holdings Inc.’s holdings in Selective Insurance Group were worth $417,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in Selective Insurance Group by 28.6% in the 3rd quarter. FMR LLC now owns 5,468,801 shares of the insurance provider’s stock valued at $510,239,000 after acquiring an additional 1,216,801 shares in the last quarter. State Street Corp grew its holdings in Selective Insurance Group by 3.1% during the third quarter. State Street Corp now owns 2,401,897 shares of the insurance provider’s stock valued at $224,097,000 after purchasing an additional 71,296 shares during the period. Geode Capital Management LLC lifted its holdings in Selective Insurance Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,586,527 shares of the insurance provider’s stock valued at $148,048,000 after purchasing an additional 26,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Selective Insurance Group by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 867,691 shares of the insurance provider’s stock worth $80,956,000 after buying an additional 21,374 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Selective Insurance Group by 16.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 717,946 shares of the insurance provider’s stock valued at $66,984,000 after buying an additional 101,045 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.

Selective Insurance Group Stock Performance

NASDAQ:SIGI opened at $93.26 on Monday. The stock has a 50-day simple moving average of $95.34 and a two-hundred day simple moving average of $93.05. The firm has a market capitalization of $5.67 billion, a PE ratio of 25.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. Selective Insurance Group, Inc. has a 52-week low of $81.00 and a 52-week high of $109.58.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America upped their target price on shares of Selective Insurance Group from $96.00 to $102.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Selective Insurance Group from $114.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Royal Bank of Canada upped their price target on Selective Insurance Group from $96.00 to $99.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Morgan Stanley started coverage on shares of Selective Insurance Group in a report on Thursday, December 5th. They set an “equal weight” rating and a $105.00 price target on the stock. Finally, BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $95.00 to $105.00 in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.57.

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.