Mutual of America Capital Management LLC Sells 6,343 Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI)

Mutual of America Capital Management LLC decreased its position in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,941 shares of the insurance provider’s stock after selling 6,343 shares during the quarter. Mutual of America Capital Management LLC owned about 0.26% of Selective Insurance Group worth $11,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its holdings in shares of Selective Insurance Group by 12.9% during the second quarter. Systematic Financial Management LP now owns 482,131 shares of the insurance provider’s stock valued at $39,125,000 after acquiring an additional 54,937 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC increased its holdings in shares of Selective Insurance Group by 2.7% during the third quarter. Landsberg Bennett & Dubbaneh LLC now owns 52,109 shares of the insurance provider’s stock valued at $3,962,000 after acquiring an additional 1,350 shares in the last quarter. PhiloSmith Capital Corp boosted its position in shares of Selective Insurance Group by 900.0% during the second quarter. PhiloSmith Capital Corp now owns 3,000 shares of the insurance provider’s stock valued at $243,000 after buying an additional 2,700 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Selective Insurance Group by 10.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,007,159 shares of the insurance provider’s stock valued at $244,031,000 after buying an additional 284,402 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Selective Insurance Group by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 1,040,799 shares of the insurance provider’s stock valued at $84,460,000 after buying an additional 58,049 shares during the last quarter. Hedge funds and other institutional investors own 80.20% of the company’s stock.

In other Selective Insurance Group news, EVP Vincent M. Senia sold 7,802 shares of the business’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $80.15, for a total value of $625,330.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Morrissey sold 6,000 shares of the company’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $79.18, for a total value of $475,080.00. The disclosure for this sale can be found here. In the last three months, insiders sold 36,561 shares of company stock worth $2,913,392. Insiders own 2.00% of the company’s stock.

Shares of NASDAQ:SIGI opened at $79.08 on Friday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.05 and a beta of 0.84. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.18. Selective Insurance Group, Inc. has a 12-month low of $62.81 and a 12-month high of $91.46. The business’s 50 day moving average is $79.98 and its 200 day moving average is $79.96.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, October 27th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The company had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $839.39 million. Selective Insurance Group had a return on equity of 15.32% and a net margin of 12.99%. Selective Insurance Group’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 earnings per share. As a group, equities research analysts expect that Selective Insurance Group, Inc. will post 6.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were given a dividend of $0.28 per share. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, November 12th. This represents a $1.12 annualized dividend and a dividend yield of 1.42%. Selective Insurance Group’s payout ratio is presently 15.93%.

About Selective Insurance Group

Selective Insurance Group, Inc provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies.

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

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