New York City State Educators Retirement System reduced its stake in shares of Selective Insurance coverage Group, Inc. ( NASDAQ: SIGI— New York City State Educators Retirement System reduced its stake in shares of Selective Insurance coverage Group, Inc. ( NASDAQ: SIGI— Get Ranking) by 1.1% in the 4th quarter, according to its newest 13F filing with the Securities and Exchange Commission (SEC). The institutional financier owned 92,630 shares of the insurance coverage service provider’s stock after offering 1,000 shares throughout the quarter. New York City State Educators Retirement System owned roughly 0.15% of Selective Insurance coverage Group worth $8,208,000 since its newest SEC filing.
A variety of other institutional financiers and hedge funds likewise just recently contributed to or minimized their stakes in the stock. Channing Capital Management LLC acquired a brand-new position in Selective Insurance coverage Group throughout the 3rd quarter valued at about $29,083,000. Eaton Vance Management grew its position in shares of Selective Insurance coverage Group by 27.0% in the first quarter. Eaton Vance Management now owns 998,842 shares of the insurance coverage service provider’s stock worth $89,256,000 after purchasing an extra 212,085 shares throughout the last quarter. BlackRock Inc. grew its position in shares of Selective Insurance coverage Group by 1.7% in the 3rd quarter. BlackRock Inc. now owns 7,313,431 shares of the insurance coverage service provider’s stock worth $595,312,000 after purchasing an extra 123,349 shares throughout the last quarter. State Street Corp increased its stake in Selective Insurance coverage Group by 6.2% in the first quarter. State Street Corp now owns 2,002,044 shares of the insurance coverage service provider’s stock worth $178,903,000 after acquiring an extra 116,106 shares in the last quarter. Lastly, Eagle Property Management Inc. got a brand-new stake in Selective Insurance coverage Group in the 3rd quarter worth roughly $7,341,000. Institutional financiers own 83.85% of the business’s stock.
Experts Set New Cost Targets
A variety of experts just recently discussed the stock. Piper Sandler raised their target rate on shares of Selective Insurance coverage Group from $104.00 to $107.00 and provided the stock a “neutral” ranking in a research study note on Tuesday, April fourth. BMO Capital Markets presumed protection on shares of Selective Insurance coverage Group in a research study note on Thursday, January 19th. They provided a “market carry out” ranking and a $90.00 target rate for the business. Royal Bank of Canada raised their target rate on shares of Selective Insurance coverage Group from $90.00 to $96.00 and provided the stock a “sector carry out” ranking in a research study note on Monday, February sixth. StockNews.com presumed protection on shares of Selective Insurance coverage Group in a research study note on Thursday, March 16th. They provided a “hold” ranking for the business. Lastly, Keefe, Bruyette & & Woods raised their rate goal on shares of Selective Insurance coverage Group from $105.00 to $107.00 and provided the business a “market carry out” ranking in a research study note on Tuesday, February 14th. 6 financial investment experts have actually ranked the stock with a hold ranking and one has actually offered a buy ranking to the business. Based upon information from MarketBeat, Selective Insurance coverage Group presently has a typical ranking of “Hold” and an agreement target rate of $100.17.
Expert Activity at Selective Insurance Coverage Group
In associated news, Director John Burville offered 20,000 shares of business’s stock in a deal on Monday, February sixth. The shares were cost a typical rate of $100.17, for an overall worth of $2,003,400.00. Following the conclusion of the deal, the director now straight owns 46,304 shares in the business, valued at roughly $4,638,271.68. The deal was revealed in a file submitted with the SEC, which is available through the SEC site In associated news, EVP Vincent M. Senia offered 7,000 shares of business’s stock in a deal on Friday, February 10th. The shares were cost a typical rate of $99.79, for an overall worth of $698,530.00. Following the conclusion of the sale, the executive vice president now owns 12,984 shares of the business’s stock, valued at roughly $1,295,673.36. The sale was revealed in a legal filing with the SEC, which is offered through this link Likewise, Director John Burville offered 20,000 shares of the business’s stock in a deal dated Monday, February sixth. The shares were cost a typical rate of $100.17, for an overall deal of $2,003,400.00. Following the conclusion of the sale, the director now straight owns 46,304 shares of the business’s stock, valued at roughly $4,638,271.68. The disclosure for this sale can be discovered here Business experts own 2.00% of the business’s stock.
Selective Insurance Coverage Group Stock Efficiency
Shares of NASDAQ SIGI opened at $94.79 on Friday. The business has an existing ratio of 0.33, a fast ratio of 0.33 and a debt-to-equity ratio of 0.22. Selective Insurance Coverage Group, Inc. has a 12 month low of $66.81 and a 12 month high of $103.61. The business has a 50 day basic moving average of $97.21 and a two-hundred day basic moving average of $93.27. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 0.77 and a beta of 0.63.
Selective Insurance Coverage Group ( NASDAQ: SIGI— Get Ranking) last published its profits outcomes on Friday, February 3rd. The insurance coverage service provider reported $1.46 profits per share (EPS) for the quarter, satisfying the agreement price quote of $1.46. Selective Insurance Coverage Group had a net margin of 6.25% and a return on equity of 13.15%. The company had profits of $952.20 million throughout the quarter, compared to experts’ expectations of $965.14 million. Throughout the very same duration in the previous year, business published $1.56 EPS. As a group, experts forecast that Selective Insurance coverage Group, Inc. will publish 6.62 profits per share for the present year.
Selective Insurance Coverage Group Reveals Dividend
The business likewise just recently revealed a quarterly dividend, which was paid on Wednesday, March 1st. Financiers of record on Wednesday, February 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 14th. Selective Insurance coverage Group’s dividend payment ratio is presently 33.90%.
About Selective Insurance Coverage Group
( Get Ranking)
Selective Insurance Coverage Group, Inc is a New Jersey insurance coverage holding business, which takes part in the arrangement of residential or commercial property and casualty insurance coverage items. It runs through the following sectors: Requirement Commercial Lines, Requirement Personal Lines, E&S Lines, and Investments. The Requirement Commercial Lines sector provides insurance coverage product or services to industrial clients, such as non-profit companies and city government companies.
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