Aigen Investment Management LP Raises Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Aigen Investment Management LP grew its position in Selective Insurance Group, Inc. (NASDAQ:SIGI) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,784 shares of the insurance provider’s stock after buying an additional 1,316 shares during the quarter. Aigen Investment Management LP’s holdings in Selective Insurance Group were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SIGI. Van ECK Associates Corp lifted its holdings in shares of Selective Insurance Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 34,759 shares of the insurance provider’s stock worth $3,313,000 after buying an additional 9,931 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Selective Insurance Group by 17.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,585 shares of the insurance provider’s stock worth $428,000 after buying an additional 669 shares during the period. GSA Capital Partners LLP raised its position in shares of Selective Insurance Group by 237.5% in the 3rd quarter. GSA Capital Partners LLP now owns 24,207 shares of the insurance provider’s stock worth $2,259,000 after acquiring an additional 17,034 shares in the last quarter. KBC Group NV raised its position in shares of Selective Insurance Group by 18.1% in the 3rd quarter. KBC Group NV now owns 1,840 shares of the insurance provider’s stock worth $172,000 after acquiring an additional 282 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Selective Insurance Group by 21.9% in the 3rd quarter. Natixis Advisors LLC now owns 160,577 shares of the insurance provider’s stock worth $14,982,000 after acquiring an additional 28,819 shares in the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Selective Insurance Group Trading Down 0.9 %

Shares of NASDAQ:SIGI opened at $85.10 on Friday. The business’s 50-day moving average is $87.78 and its 200 day moving average is $92.00. Selective Insurance Group, Inc. has a 1 year low of $78.13 and a 1 year high of $109.58. The firm has a market capitalization of $5.17 billion, a P/E ratio of 26.43 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 posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a net margin of 4.26% and a return on equity of 7.33%. On average, research analysts predict that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.79%. Selective Insurance Group’s payout ratio is presently 47.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $93.00 price target (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Selective Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $98.71.

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.