Mountain Pacific Investment Advisers LLC Has $942,000 Holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI)

Mountain Pacific Investment Advisers LLC trimmed its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,077 shares of the insurance provider’s stock after selling 520 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Selective Insurance Group were worth $942,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Selective Insurance Group in the third quarter valued at approximately $27,000. UMB Bank n.a. raised its holdings in Selective Insurance Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Selective Insurance Group by 957.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 402 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Selective Insurance Group during the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC grew its holdings in shares of Selective Insurance Group by 64.4% during the 4th quarter. GAMMA Investing LLC now owns 485 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Analyst Ratings Changes

SIGI has been the subject of several recent analyst reports. Morgan Stanley started coverage on shares of Selective Insurance Group in a research report on Thursday, December 5th. They set an “equal weight” rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on shares of Selective Insurance Group from $114.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets raised shares of Selective Insurance Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $95.00 to $105.00 in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on Selective Insurance Group from $96.00 to $99.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their price target on Selective Insurance Group from $96.00 to $102.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $104.57.

Selective Insurance Group Stock Down 1.0 %

Shares of SIGI opened at $93.28 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. Selective Insurance Group, Inc. has a 52 week low of $81.00 and a 52 week high of $109.58. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.14 and a beta of 0.62. The stock has a fifty day moving average of $95.80 and a 200-day moving average of $93.00.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Monday, October 21st. The insurance provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.29). Selective Insurance Group had a net margin of 5.01% and a return on equity of 8.11%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.51 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Selective Insurance Group, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Selective Insurance Group

In related news, CAO Anthony D. Harnett sold 1,404 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $92.61, for a total value of $130,024.44. Following the completion of the sale, the chief accounting officer now directly owns 15,946 shares in the company, valued at $1,476,759.06. This represents a 8.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Selective Insurance Group Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.