Krueger & Catalano Capital Partners LLC purchased a new stake in Selective Insurance Group (NASDAQ:SIGI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 38,908 shares of the insurance provider’s stock, valued at approximately $2,284,000. Selective Insurance Group accounts for 1.9% of Krueger & Catalano Capital Partners LLC’s portfolio, making the stock its 17th biggest position.
Other large investors have also recently made changes to their positions in the company. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Selective Insurance Group in the third quarter valued at approximately $539,000. Eqis Capital Management Inc. acquired a new stake in shares of Selective Insurance Group in the third quarter valued at approximately $201,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Selective Insurance Group in the third quarter valued at approximately $721,000. Mutual of America Capital Management LLC increased its stake in shares of Selective Insurance Group by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 159,147 shares of the insurance provider’s stock valued at $8,570,000 after purchasing an additional 4,351 shares during the period. Finally, Aurora Investment Counsel acquired a new stake in shares of Selective Insurance Group in the fourth quarter valued at approximately $2,159,000. Institutional investors own 77.33% of the company’s stock.
In related news, Director John Burville sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $59.00, for a total transaction of $354,000.00. Following the transaction, the director now owns 59,898 shares in the company, valued at $3,533,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,763,277.60. The disclosure for this sale can be found here. Insiders have sold 41,775 shares of company stock worth $2,529,504 in the last quarter. Company insiders own 3.00% of the company’s stock.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. Selective Insurance Group had a net margin of 6.83% and a return on equity of 11.11%. The business had revenue of $633.70 million for the quarter, compared to analyst estimates of $632.30 million. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. research analysts expect that Selective Insurance Group will post 3.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. Selective Insurance Group’s dividend payout ratio is presently 25.26%.
Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods set a $62.00 price target on shares of Selective Insurance Group and gave the company a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, December 13th. BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $59.00 price target on shares of Selective Insurance Group in a research note on Friday, December 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Selective Insurance Group presently has an average rating of “Hold” and an average target price of $58.41.
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About Selective Insurance Group
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.
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