Roxbury Financial LLC Acquires New Stake in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Roxbury Financial LLC purchased a new position in Selective Insurance Group, Inc. (NASDAQ:SIGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,760 shares of the insurance provider’s stock, valued at approximately $180,000.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Selective Insurance Group during the 4th quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in Selective Insurance Group in the third quarter worth about $27,000. UMB Bank n.a. lifted its stake in shares of Selective Insurance Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Selective Insurance Group by 957.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 402 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Selective Insurance Group by 64.4% in the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock worth $45,000 after buying an additional 190 shares during the last quarter. Institutional investors own 82.88% of the company’s stock.

Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGI opened at $82.15 on Friday. Selective Insurance Group, Inc. has a one year low of $80.84 and a one year high of $109.58. The firm has a market cap of $4.99 billion, a PE ratio of 25.51 and a beta of 0.61. The firm’s 50 day simple moving average is $91.38 and its 200-day simple moving average is $92.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.34.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.37). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. As a group, equities analysts predict that Selective Insurance Group, Inc. will post 7.64 EPS for the current year.

Selective Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, February 14th. Selective Insurance Group’s payout ratio is presently 47.21%.

Analyst Upgrades and Downgrades

SIGI has been the topic of several research analyst reports. Bank of America upped their target price on shares of Selective Insurance Group from $96.00 to $102.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $93.00 price objective (down from $116.00) on shares of Selective Insurance Group in a research report on Friday, February 7th. JMP Securities reissued a “market perform” rating on shares of Selective Insurance Group in a report on Thursday, January 30th. Royal Bank of Canada raised their price objective on Selective Insurance Group from $96.00 to $99.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $95.00 to $105.00 in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.71.

Selective Insurance Group Profile

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.