19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. raised its stake in Selective Insurance Group, Inc. ( NASDAQ:SIGI – Free Report ) by 1.
9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 884,230 shares of the insurance provider’s stock after acquiring an additional 16,539 shares during the period. Charles Schwab Investment Management Inc.
owned approximately 1.45% of Selective Insurance Group worth $82,693,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently bought and sold shares of the company.
Barclays PLC increased its holdings in Selective Insurance Group by 171.6% in the 3rd quarter. Barclays PLC now owns 114,790 shares of the insurance provider’s stock valued at $10,711,000 after acquiring an additional 72,530 shares during the last quarter.
JPMorgan Chase & Co. increased its holdings in Selective Insurance Group by 1.9% in the 3rd quarter.
JPMorgan Chase & Co. now owns 405,153 shares of the insurance provider’s stock valued at $37,801,000 after acquiring an additional 7,563 shares during the last quarter. Quest Partners LLC increased its holdings in Selective Insurance Group by 2,486.
8% in the 3rd quarter. Quest Partners LLC now owns 7,631 shares of the insurance provider’s stock valued at $712,000 after acquiring an additional 7,336 shares during the last quarter. Franklin Resources Inc.
increased its holdings in Selective Insurance Group by 38.4% in the 3rd quarter. Franklin Resources Inc.
now owns 6,296 shares of the insurance provider’s stock valued at $603,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in Selective Insurance Group by 9.0% in the 3rd quarter.
Mutual of America Capital Management LLC now owns 170,281 shares of the insurance provider’s stock valued at $15,887,000 after acquiring an additional 14,004 shares during the last quarter. 82.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets SIGI has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 target price (down from $116.
00) on shares of Selective Insurance Group in a report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Finally, Morgan Stanley reduced 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 report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock.
According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.71.
Selective Insurance Group Stock Performance Shares of NASDAQ:SIGI opened at $84.39 on Tuesday. The company has a market capitalization of $5.
13 billion, a price-to-earnings ratio of 26.21 and a beta of 0.54.
Selective Insurance Group, Inc. has a 12 month low of $78.13 and a 12 month high of $109.
58. The firm’s 50-day moving average is $87.78 and its 200 day moving average is $92.
02. The company has a current ratio of 0.34, a quick ratio of 0.
34 and a debt-to-equity ratio of 0.17. Selective Insurance Group ( NASDAQ:SIGI – Get Free Report ) last issued its quarterly 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 net margin of 4.26% and a return on equity of 7.
33%. Research analysts predict that Selective Insurance Group, Inc. will post 7.
62 EPS for the current year. Selective Insurance Group Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued 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 1.80%. Selective Insurance Group’s payout ratio is 47.
20%. Selective Insurance Group Profile ( Free Report ) 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. Read More Five stocks we like better than Selective Insurance Group How Investors Can Identify and Successfully Trade Gap-Down Stocks How to Protect Your Portfolio When Inflation Is Rising Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? 3 Tech Stocks Defying Sector Weakness and Thriving in 2025 Bank Stocks – Best Bank Stocks to Invest In Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors Receive News & Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related companies with MarketBeat.
com's FREE daily email newsletter ..
