Boston Trust Walden Corp raised its position in Selective Insurance coverage Group, Inc. ( NASDAQ: SIGI— Boston Trust Walden Corp raised its position in Selective Insurance coverage Group, Inc. ( NASDAQ: SIGI— Free Report) by 10.6% in the 3rd quarter, according to the business in its newest disclosure with the Securities & & Exchange Commission. The fund owned 965,220 shares of the insurance coverage supplier’s stock after buying an extra 92,801 shares throughout the quarter. Selective Insurance coverage Group makes up 0.8% of Boston Trust Walden Corp’s holdings, making the stock its 29th biggest position. Boston Trust Walden Corp’s holdings in Selective Insurance coverage Group deserved $99,582,000 at the end of the most current quarter.
Numerous other institutional financiers have actually likewise just recently customized their holdings of SIGI. Morgan Stanley raised its stake in shares of Selective Insurance coverage Group by 516.0% in the 4th quarter. Morgan Stanley now owns 1,959,603 shares of the insurance coverage supplier’s stock worth $173,641,000 after buying an extra 1,641,463 shares throughout the last quarter. Norges Bank acquired a brand-new position in shares of Selective Insurance coverage Group in the 4th quarter worth about $41,343,000. Cost T Rowe Associates Inc. MD grew its holdings in Selective Insurance coverage Group by 317.7% throughout the 4th quarter. Cost T Rowe Associates Inc. MD now owns 525,083 shares of the insurance coverage supplier’s stock worth $46,527,000 after obtaining an extra 399,386 shares throughout the duration. BlackRock Inc. grew its holdings in Selective Insurance coverage Group by 3.2% throughout the 2nd quarter. BlackRock Inc. now owns 7,339,403 shares of the insurance coverage supplier’s stock worth $704,216,000 after obtaining an extra 226,054 shares throughout the duration. Lastly, Eaton Vance Management grew its holdings in Selective Insurance coverage Group by 27.0% throughout the very first quarter. Eaton Vance Management now owns 998,842 shares of the insurance coverage supplier’s stock worth $89,256,000 after obtaining an extra 212,085 shares throughout the duration. 83.66% of the stock is presently owned by hedge funds and other institutional financiers.
Expert Upgrades and Downgrades
Numerous experts just recently talked about the business. Oppenheimer presumed protection on Selective Insurance coverage Group in a report on Thursday, November 16th. They set an “outperform” ranking and a $120.00 target cost on the stock. StockNews.com started protection on Selective Insurance coverage Group in a research study note on Thursday, October 5th. They provided a “hold” ranking on the stock. Royal Bank of Canada raised their target cost on Selective Insurance coverage Group from $105.00 to $108.00 and provided the business a “sector carry out” ranking in a research study report on Friday, November 3rd. Lastly, Piper Sandler cut their cost goal on Selective Insurance coverage Group from $112.00 to $106.00 and set a “neutral” ranking on the stock in a report on Friday, October sixth. One financial investment expert has actually ranked the stock with a sell ranking, 5 have actually provided a hold ranking and one has actually provided a buy ranking to the business. According to information from MarketBeat.com, Selective Insurance coverage Group presently has a typical ranking of “Hold” and a typical target cost of $105.17.
Read Our Most Current Report on SIGI
Expert Trading at Selective Insurance Coverage Group
In other news, CEO John J. Marchioni offered 20,906 shares of the stock in a deal that happened on Thursday, November 9th. The stock was cost a typical cost of $102.01, for an overall deal of $2,132,621.06. Following the conclusion of the deal, the ceo now straight owns 120,554 shares of the business’s stock, valued at roughly $12,297,713.54. The sale was revealed in a file submitted with the SEC, which is available through this link 1.50% of the stock is owned by business experts.
Selective Insurance Coverage Group Stock Up 0.1 %
Selective Insurance coverage Group stock opened at $98.96 on Tuesday. Selective Insurance Coverage Group, Inc. has a fifty-two week low of $87.66 and a fifty-two week high of $108.18. The business has a debt-to-equity ratio of 0.21, a fast ratio of 0.31 and an existing ratio of 0.31. The business has a market capitalization of $6.00 billion, a P/E ratio of 19.01, a PEG ratio of 0.71 and a beta of 0.57. The stock has a 50-day easy moving average of $102.57 and a 200-day easy moving average of $101.03.
Selective Insurance Coverage Group ( NASDAQ: SIGI— Secure Free Report) last published its revenues outcomes on Wednesday, November 1st. The insurance coverage supplier reported $1.51 revenues per share for the quarter, missing out on the agreement price quote of $1.66 by ($ 0.15). The company had earnings of $1.08 billion throughout the quarter, compared to experts’ expectations of $1.07 billion. Selective Insurance Coverage Group had a net margin of 7.97% and a return on equity of 13.86%. Throughout the exact same duration in the previous year, the company published $0.99 revenues per share. Equities research study experts anticipate that Selective Insurance coverage Group, Inc. will publish 5.84 revenues per share for the existing year.
Selective Insurance Coverage Group Boosts Dividend
Business likewise just recently revealed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 14th. This is a boost from Selective Insurance coverage Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 1.41%. Selective Insurance coverage Group’s dividend payment ratio is presently 26.92%.
Selective Insurance Coverage Group Business Profile
( Free Report)
Selective Insurance Coverage Group, Inc, together with its subsidiaries, supplies insurance coverage services and products in the United States. The business runs through 4 sectors: Requirement Commercial Lines, Requirement Personal Lines, E&S Lines, and Investments. It uses home insurance coverage items, which covers the unexpected loss of an insured’s real estate, personal effects, and/or revenues due to the home’s loss; casualty insurance coverage items that covers the monetary repercussions of staff member injuries in the course of work, and physical injury and/or home damage to a 3rd party; and flood insurance coverage items.
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