Profund Advisors LLC Sells 1,104 Shares of Selective Insurance Group (SIGI)

Profund Advisors LLC lessened its holdings in Selective Insurance Group (NASDAQ:SIGI) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,938 shares of the insurance provider’s stock after selling 1,104 shares during the period. Profund Advisors LLC’s holdings in Selective Insurance Group were worth $525,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SIGI. Arizona State Retirement System raised its position in Selective Insurance Group by 224.6% in the fourth quarter. Arizona State Retirement System now owns 98,140 shares of the insurance provider’s stock worth $5,761,000 after purchasing an additional 67,905 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Selective Insurance Group by 138.3% during the fourth quarter. Citadel Advisors LLC now owns 108,181 shares of the insurance provider’s stock worth $6,351,000 after buying an additional 62,777 shares in the last quarter. Krueger & Catalano Capital Partners LLC acquired a new stake in shares of Selective Insurance Group during the fourth quarter worth approximately $2,284,000. Aurora Investment Counsel acquired a new stake in shares of Selective Insurance Group during the fourth quarter worth approximately $2,159,000. Finally, SG Americas Securities LLC increased its holdings in shares of Selective Insurance Group by 349.8% during the third quarter. SG Americas Securities LLC now owns 32,402 shares of the insurance provider’s stock worth $1,745,000 after buying an additional 25,199 shares in the last quarter. 78.68% of the stock is owned by hedge funds and other institutional investors.

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Shares of Selective Insurance Group (NASDAQ:SIGI) opened at $61.05 on Tuesday. The firm has a market cap of $3,599.40, a P/E ratio of 19.65, a PEG ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29. Selective Insurance Group has a fifty-two week low of $44.65 and a fifty-two week high of $62.40.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $633.70 million during the quarter, compared to analyst estimates of $632.30 million. Selective Insurance Group had a net margin of 6.83% and a return on equity of 11.11%. Selective Insurance Group’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. equities research analysts forecast that Selective Insurance Group will post 3.88 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, February 14th. Selective Insurance Group’s dividend payout ratio is currently 25.26%.

Several analysts have recently weighed in on SIGI shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $59.00 price objective on shares of Selective Insurance Group in a report on Friday, December 8th. BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Wednesday, December 13th. ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods set a $62.00 price objective on shares of Selective Insurance Group and gave the stock a “hold” rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Selective Insurance Group presently has a consensus rating of “Hold” and an average target price of $62.67.

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About Selective Insurance Group

Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.

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Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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