McQueen Ball & Associates Inc. purchased a new position in shares of Selective Insurance Group (NASDAQ:SIGI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,450 shares of the insurance provider’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIGI. Public Employees Retirement System of Ohio raised its stake in shares of Selective Insurance Group by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock worth $123,000 after purchasing an additional 23 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Selective Insurance Group by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 204 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Selective Insurance Group by 41.3% during the 2nd quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 1,061 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Selective Insurance Group during the 2nd quarter worth about $199,000. Finally, Sciencast Management LP purchased a new stake in shares of Selective Insurance Group during the 2nd quarter worth about $200,000. 77.76% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research raised Selective Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub downgraded Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Royal Bank of Canada reissued a “hold” rating and issued a $50.00 price objective on shares of Selective Insurance Group in a research note on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods set a $55.00 price objective on Selective Insurance Group and gave the company a “hold” rating in a research note on Sunday, October 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Selective Insurance Group currently has a consensus rating of “Hold” and an average target price of $54.13.

Shares of Selective Insurance Group (NASDAQ SIGI) traded down $0.75 during mid-day trading on Thursday, hitting $56.70. The company had a trading volume of 86,900 shares, compared to its average volume of 177,750. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. Selective Insurance Group has a 1-year low of $38.50 and a 1-year high of $62.40. The company has a market cap of $3,354.59, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.45.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a return on equity of 11.00% and a net margin of 7.36%. The business had revenue of $621.30 million for the quarter, compared to the consensus estimate of $625.80 million. During the same period last year, the business earned $0.66 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts predict that Selective Insurance Group will post 3.08 earnings per share for the current fiscal year.

In other Selective Insurance Group news, Director John Burville sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $58.76, for a total value of $58,760.00. Following the sale, the director now owns 82,898 shares of the company’s stock, valued at approximately $4,871,086.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul D. Bauer sold 28,840 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $61.14, for a total value of $1,763,277.60. The disclosure for this sale can be found here. Insiders sold a total of 45,375 shares of company stock worth $2,740,784 over the last three months. 3.00% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://theolympiareport.com/2018/01/04/mcqueen-ball-associates-inc-invests-203000-in-selective-insurance-group-sigi-stock.html.

Selective Insurance Group Company Profile

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.

Want to see what other hedge funds are holding SIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Selective Insurance Group (NASDAQ:SIGI).

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

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.