Selective Insurance Group (NASDAQ:SIGI) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $68.00.

A number of analysts have weighed in on SIGI shares. Buckingham Research raised their price objective on shares of Selective Insurance Group from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday. ValuEngine lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday.

NASDAQ SIGI traded down $0.30 during trading on Friday, hitting $75.37. The company had a trading volume of 238,051 shares, compared to its average volume of 197,886. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. Selective Insurance Group has a one year low of $56.22 and a one year high of $81.35. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.82. The company’s fifty day moving average is $78.36 and its 200-day moving average is $72.37.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.10. The business had revenue of $708.20 million during the quarter, compared to analyst estimates of $707.83 million. Selective Insurance Group had a net margin of 8.65% and a return on equity of 13.53%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. As a group, equities analysts anticipate that Selective Insurance Group will post 4.35 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 14th. Selective Insurance Group’s payout ratio is presently 21.86%.

In other news, Director William M. Rue sold 7,795 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $77.64, for a total transaction of $605,203.80. Following the sale, the director now owns 337,804 shares of the company’s stock, valued at approximately $26,227,102.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EP Wealth Advisors LLC boosted its holdings in shares of Selective Insurance Group by 4.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,346 shares of the insurance provider’s stock valued at $251,000 after acquiring an additional 147 shares during the last quarter. Creative Planning boosted its holdings in shares of Selective Insurance Group by 0.7% in the second quarter. Creative Planning now owns 31,099 shares of the insurance provider’s stock worth $2,329,000 after buying an additional 206 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Selective Insurance Group by 5.7% in the second quarter. MML Investors Services LLC now owns 4,018 shares of the insurance provider’s stock worth $301,000 after buying an additional 216 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Selective Insurance Group by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 5,480 shares of the insurance provider’s stock worth $410,000 after buying an additional 247 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Selective Insurance Group by 1.4% in the second quarter. State of Alaska Department of Revenue now owns 20,160 shares of the insurance provider’s stock worth $1,509,000 after buying an additional 285 shares during the last quarter. 79.06% of the stock is currently owned by hedge funds and other institutional investors.

About Selective Insurance Group

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.

Further Reading: Return on Investment (ROI)

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