27,321 Shares in Selective Insurance Group, Inc. $SIGI Purchased by First National Bank of Omaha

First National Bank of Omaha bought a new stake in Selective Insurance Group, Inc. (NASDAQ:SIGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,321 shares of the insurance provider’s stock, valued at approximately $2,650,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Selective Insurance Group during the 2nd quarter worth about $754,557,000. AQR Capital Management LLC boosted its holdings in shares of Selective Insurance Group by 56.3% in the fourth quarter. AQR Capital Management LLC now owns 4,059,547 shares of the insurance provider’s stock valued at $339,662,000 after acquiring an additional 1,462,838 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Selective Insurance Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,660,758 shares of the insurance provider’s stock valued at $138,976,000 after acquiring an additional 8,580 shares during the period. First Trust Advisors LP increased its stake in shares of Selective Insurance Group by 33.3% during the first quarter. First Trust Advisors LP now owns 1,381,867 shares of the insurance provider’s stock valued at $104,179,000 after acquiring an additional 345,348 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Selective Insurance Group by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,359,224 shares of the insurance provider’s stock worth $102,473,000 after purchasing an additional 44,532 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets lowered Selective Insurance Group from an “outperform” rating to a “market perform” rating and set a $97.00 price target for the company. in a research note on Tuesday, July 28th. Morgan Stanley boosted their price objective on Selective Insurance Group from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Weiss Ratings raised Selective Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on Selective Insurance Group from $101.00 to $102.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their target price on Selective Insurance Group from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Selective Insurance Group has an average rating of “Hold” and a consensus price target of $100.33.

Selective Insurance Group Price Performance

NASDAQ SIGI opened at $91.30 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26. Selective Insurance Group, Inc. has a 1 year low of $72.78 and a 1 year high of $100.40. The company has a market cap of $5.44 billion, a PE ratio of 11.33 and a beta of 0.30. The stock’s 50-day moving average price is $95.26 and its two-hundred day moving average price is $87.34.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.66 by $0.29. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Selective Insurance Group had a net margin of 9.10% and a return on equity of 14.51%. During the same period last year, the company posted $1.31 earnings per share. On average, analysts predict that Selective Insurance Group, Inc. will post 8.12 EPS for the current year.

Selective Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.72 dividend on an annualized basis and a yield of 1.9%. Selective Insurance Group’s dividend payout ratio (DPR) is currently 21.34%.

Insider Buying and Selling

In other Selective Insurance Group news, EVP Michael H. Lanza sold 17,100 shares of Selective Insurance Group stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $94.04, for a total transaction of $1,608,084.00. Following the transaction, the executive vice president directly owned 16,565 shares in the company, valued at approximately $1,557,772.60. The trade was a 50.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Selective Insurance Group Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position.

The company’s core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers.