Campbell & CO Investment Adviser LLC bought a new position in shares of Selective Insurance Group (NASDAQ:SIGI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,455 shares of the insurance provider’s stock, valued at approximately $1,538,000. Selective Insurance Group makes up 0.6% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its 4th biggest position.
Several other large investors have also added to or reduced their stakes in the stock. Marshall Wace LLP boosted its stake in Selective Insurance Group by 50.5% during the first quarter. Marshall Wace LLP now owns 20,394 shares of the insurance provider’s stock valued at $1,291,000 after buying an additional 6,841 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Selective Insurance Group during the first quarter valued at approximately $202,000. Fulton Bank N.A. bought a new position in Selective Insurance Group during the second quarter valued at approximately $1,872,000. Crossmark Global Holdings Inc. boosted its stake in Selective Insurance Group by 4.7% during the second quarter. Crossmark Global Holdings Inc. now owns 5,480 shares of the insurance provider’s stock valued at $410,000 after buying an additional 247 shares during the last quarter. Finally, First National Bank of Omaha boosted its stake in Selective Insurance Group by 2.3% during the second quarter. First National Bank of Omaha now owns 42,114 shares of the insurance provider’s stock valued at $3,154,000 after buying an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
A number of equities analysts recently commented on SIGI shares. ValuEngine lowered Selective Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Buckingham Research increased their price target on Selective Insurance Group from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, BidaskClub lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Selective Insurance Group presently has an average rating of “Hold” and a consensus price target of $69.67.
Shares of NASDAQ:SIGI traded down $0.18 during trading on Wednesday, hitting $74.13. The company had a trading volume of 5,242 shares, compared to its average volume of 856,614. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.62 and a beta of 0.79. Selective Insurance Group has a one year low of $56.22 and a one year high of $81.35. The company has a fifty day simple moving average of $76.29 and a two-hundred day simple moving average of $74.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32.
Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, beating the 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 return on equity of 13.53% and a net margin of 8.65%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. On average, equities research analysts anticipate that Selective Insurance Group will post 4.35 earnings per share for the current year.
Selective Insurance Group Company Profile
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.
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