2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC lessened its stake in shares of Selective Insurance Group, Inc. ( NASDAQ:SIGI – Free Report ) by 13.2% in the second quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 3,822 shares of the insurance provider’s stock after selling 583 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Selective Insurance Group were worth $359,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company.
Rise Advisors LLC bought a new position in Selective Insurance Group during the first quarter worth about $27,000. Quest Partners LLC bought a new position in Selective Insurance Group during the second quarter worth about $28,000. GAMMA Investing LLC boosted its position in Selective Insurance Group by 81.
5% during the second quarter. GAMMA Investing LLC now owns 323 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 145 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Selective Insurance Group in the first quarter valued at approximately $48,000.
Finally, Lazard Asset Management LLC boosted its position in shares of Selective Insurance Group by 245.9% in the first quarter. Lazard Asset Management LLC now owns 1,228 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 873 shares during the period.
Hedge funds and other institutional investors own 82.88% of the company’s stock. Insider Buying and Selling In other news, CEO John J.
Marchioni bought 2,400 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were bought at an average cost of $83.56 per share, with a total value of $200,544.
00. Following the completion of the purchase, the chief executive officer now directly owns 136,397 shares in the company, valued at $11,397,333.32.
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In other Selective Insurance Group news, Director Terrence W. Cavanaugh bought 2,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd.
The shares were purchased at an average price of $85.85 per share, for a total transaction of $171,700.00.
Following the acquisition, the director now owns 20,651 shares in the company, valued at approximately $1,772,888.35. The purchase was disclosed in a filing with the SEC, which is available at this link .
Also, CEO John J. Marchioni bought 2,400 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were acquired at an average price of $83.
56 per share, for a total transaction of $200,544.00. Following the acquisition, the chief executive officer now owns 136,397 shares in the company, valued at approximately $11,397,333.
32. The disclosure for this purchase can be found here . 1.
50% of the stock is owned by insiders. Wall Street Analyst Weigh In View Our Latest Stock Analysis on Selective Insurance Group Selective Insurance Group Trading Up 0.5 % Shares of Selective Insurance Group stock opened at $91.
70 on Friday. The firm has a market cap of $5.57 billion, a PE ratio of 16.
20, a PEG ratio of 1.50 and a beta of 0.56.
Selective Insurance Group, Inc. has a 1 year low of $81.00 and a 1 year high of $109.
58. The company has a 50 day simple moving average of $89.07 and a two-hundred day simple moving average of $95.
01. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.
32 and a quick ratio of 0.32. Selective Insurance Group ( NASDAQ:SIGI – Get Free Report ) last posted its quarterly earnings results on Thursday, July 18th.
The insurance provider reported ($1.10) EPS for the quarter, missing the consensus estimate of $1.49 by ($2.
59). Selective Insurance Group had a return on equity of 8.75% and a net margin of 5.
12%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.
21 billion. During the same period last year, the business posted $0.99 earnings per share.
Analysts expect that Selective Insurance Group, Inc. will post 3.84 earnings per share for the current fiscal year.
Selective Insurance Group Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.35 dividend.
This represents a $1.40 annualized dividend and a dividend yield of 1.53%.
The ex-dividend date of this dividend was Thursday, August 15th. Selective Insurance Group’s payout ratio is 24.73%.
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.
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