Koch Industries Inc. bought a new stake in shares of Selective Insurance (NASDAQ:SIGI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,021 shares of the insurance provider’s stock, valued at approximately $295,000.
Several other large investors have also bought and sold shares of SIGI. Arizona State Retirement System grew its position in shares of Selective Insurance by 224.6% during the 4th quarter. Arizona State Retirement System now owns 98,140 shares of the insurance provider’s stock valued at $5,761,000 after buying an additional 67,905 shares during the last quarter. Citadel Advisors LLC boosted its stake in Selective Insurance by 138.3% during the 4th quarter. Citadel Advisors LLC now owns 108,181 shares of the insurance provider’s stock valued at $6,351,000 after purchasing an additional 62,777 shares during the period. Krueger & Catalano Capital Partners LLC acquired a new position in Selective Insurance during the 4th quarter valued at about $2,284,000. Aurora Investment Counsel acquired a new position in Selective Insurance during the 4th quarter valued at about $2,159,000. Finally, SG Americas Securities LLC lifted its stake in shares of Selective Insurance by 349.8% in the 3rd quarter. SG Americas Securities LLC now owns 32,402 shares of the insurance provider’s stock worth $1,745,000 after acquiring an additional 25,199 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.
SIGI has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 price target on shares of Selective Insurance in a research note on Friday, December 8th. BidaskClub lowered shares of Selective Insurance from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Selective Insurance from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, December 13th. ValuEngine upgraded shares of Selective Insurance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Keefe, Bruyette & Woods set a $62.00 price objective on shares of Selective Insurance and gave the company a “hold” rating in a research note on Monday, February 5th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $62.50.
Shares of SIGI stock traded down $1.45 during mid-day trading on Friday, reaching $59.45. The company’s stock had a trading volume of 155,548 shares, compared to its average volume of 169,154. Selective Insurance has a 1-year low of $44.65 and a 1-year high of $62.40. The stock has a market cap of $3,574.62, a price-to-earnings ratio of 19.34, a P/E/G ratio of 0.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29.
Selective Insurance (NASDAQ:SIGI) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $633.70 million during the quarter, compared to analysts’ expectations of $632.30 million. Selective Insurance had a net margin of 6.83% and a return on equity of 11.11%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. sell-side analysts predict that Selective Insurance will post 3.88 earnings per share for the current year.
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Selective Insurance Company Profile
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) 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.
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