AlphaQuest LLC Sells 7,293 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

AlphaQuest LLC cut its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 95.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 338 shares of the insurance provider’s stock after selling 7,293 shares during the quarter. AlphaQuest LLC’s holdings in Selective Insurance Group were worth $32,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SIGI. R Squared Ltd bought a new position in Selective Insurance Group in the fourth quarter valued at about $25,000. UMB Bank n.a. raised its position 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 purchasing an additional 116 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 402 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 190 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in Selective Insurance Group in the fourth quarter valued at about $180,000. 82.88% of the stock is currently owned by institutional investors.

Selective Insurance Group Trading Down 0.4 %

NASDAQ SIGI opened at $88.71 on Friday. The business has a 50 day simple moving average of $86.81 and a 200 day simple moving average of $91.79. Selective Insurance Group, Inc. has a one year low of $78.13 and a one year high of $109.58. The stock has a market capitalization of $5.39 billion, a P/E ratio of 27.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.34 and a quick ratio of 0.34.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results 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 return on equity of 7.33% and a net margin of 4.26%. Research analysts expect that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current year.

Selective Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 1.71%. Selective Insurance Group’s dividend payout ratio (DPR) is presently 47.20%.

Wall Street Analyst Weigh In

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

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.