Natixis Advisors LLC Acquires 19,691 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Natixis Advisors LLC boosted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,268 shares of the insurance provider’s stock after acquiring an additional 19,691 shares during the quarter. Natixis Advisors LLC owned 0.30% of Selective Insurance Group worth $16,858,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of 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 purchasing an additional 1,216,801 shares during the last quarter. State Street Corp boosted its stake in shares of Selective Insurance Group by 3.1% in the 3rd 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Selective Insurance Group by 1.7% in the 3rd 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. Boston Trust Walden Corp boosted its stake in shares of Selective Insurance Group by 8.7% in the 4th quarter. Boston Trust Walden Corp now owns 1,055,321 shares of the insurance provider’s stock valued at $98,694,000 after purchasing an additional 84,341 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Selective Insurance Group by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 884,230 shares of the insurance provider’s stock valued at $82,693,000 after purchasing an additional 16,539 shares during the last quarter. 82.88% of the stock is owned by institutional investors.

Selective Insurance Group Stock Performance

SIGI opened at $88.52 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $86.90 and its two-hundred day moving average price is $91.84. Selective Insurance Group, Inc. has a 1-year low of $78.13 and a 1-year high of $109.58. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 27.49 and a beta of 0.54.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data 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 return on equity of 7.33% and a net margin of 4.26%. On average, analysts expect that Selective Insurance Group, Inc. will post 7.62 EPS for the current fiscal year.

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.72%. Selective Insurance Group’s payout ratio is 47.20%.

Analyst Upgrades and Downgrades

SIGI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research note on Friday, February 7th. Morgan Stanley cut their target price on shares of Selective Insurance Group from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Selective Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $98.71.

About Selective Insurance Group

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.