Gideon Capital Advisors Inc. Takes Position in Selective Insurance Group (SIGI)
Gideon Capital Advisors Inc. bought a new stake in shares of Selective Insurance Group (NASDAQ:SIGI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,323 shares of the insurance provider’s stock, valued at approximately $203,000.
Other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group bought a new stake in Selective Insurance Group during the third quarter valued at approximately $56,000. Private Capital Group LLC lifted its position in Selective Insurance Group by 55.5% during the fourth quarter. Private Capital Group LLC now owns 1,056 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 377 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Selective Insurance Group during the fourth quarter valued at approximately $101,000. First Quadrant L P CA bought a new stake in Selective Insurance Group during the fourth quarter valued at approximately $108,000. Finally, FMR LLC bought a new stake in Selective Insurance Group during the third quarter valued at approximately $114,000. Institutional investors and hedge funds own 79.19% of the company’s stock.
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, Buckingham Research assumed coverage on shares of Selective Insurance Group in a research report on Friday, December 14th. They set a “neutral” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.25.
SIGI stock opened at $63.96 on Friday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. Selective Insurance Group has a one year low of $53.55 and a one year high of $67.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Thursday, January 31st. The insurance provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.94 by $0.26. The firm had revenue of $680.90 million for the quarter, compared to the consensus estimate of $661.70 million. Selective Insurance Group had a net margin of 6.92% and a return on equity of 12.69%. On average, analysts anticipate that Selective Insurance Group will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 14th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 21.86%.
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Selective Insurance Group Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.
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