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Raymond James & Associates Buys Shares of 32,048 Selective Insurance coverage Group, Inc. (NASDAQ:SIGI)


Raymond James & Associates purchased a brand new stake in shares of Selective Insurance coverage Group, Inc. (NASDAQ:SIGIGet Score) within the third quarter, based on its most up-to-date disclosure with the Securities and Alternate Fee. The fund purchased 32,048 shares of the insurance coverage supplier’s inventory, valued at roughly $2,609,000. Raymond James & Associates owned roughly 0.05% of Selective Insurance coverage Group as of its most up-to-date SEC submitting.

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Plenty of different institutional traders and hedge funds have additionally purchased and bought shares of the corporate. Raymond James Monetary Providers Advisors Inc. raised its place in Selective Insurance coverage Group by 4.2% through the third quarter. Raymond James Monetary Providers Advisors Inc. now owns 5,944 shares of the insurance coverage supplier’s inventory valued at $484,000 after buying a further 240 shares within the final quarter. Mayflower Monetary Advisors LLC bought a brand new place in shares of Selective Insurance coverage Group within the third quarter valued at $1,126,000. Louisiana State Staff Retirement System bought a brand new place in shares of Selective Insurance coverage Group within the third quarter valued at $1,302,000. Boston Belief Walden Corp elevated its holdings in shares of Selective Insurance coverage Group by 3.1% within the third quarter. Boston Belief Walden Corp now owns 484,386 shares of the insurance coverage supplier’s inventory valued at $39,429,000 after buying a further 14,727 shares through the interval. Lastly, Alternate Traded Ideas LLC bought a brand new place in shares of Selective Insurance coverage Group within the third quarter valued at $668,000. 83.85% of the inventory is owned by institutional traders.

Selective Insurance coverage Group Inventory Efficiency

NASDAQ SIGI opened at $90.16 on Friday. The inventory has a market capitalization of $5.43 billion, a price-to-earnings ratio of 24.04, a PEG ratio of two.39 and a beta of 0.62. Selective Insurance coverage Group, Inc. has a twelve month low of $66.81 and a twelve month excessive of $98.80. The corporate has a present ratio of 0.30, a fast ratio of 0.30 and a debt-to-equity ratio of 0.23. The inventory has a 50-day transferring common of $91.55 and a 200 day transferring common of $86.86.

Selective Insurance coverage Group (NASDAQ:SIGIGet Score) final launched its quarterly earnings outcomes on Wednesday, November 2nd. The insurance coverage supplier reported $0.99 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.16 by ($0.17). The enterprise had income of $920.70 million through the quarter, in comparison with analyst estimates of $908.21 million. Selective Insurance coverage Group had a return on fairness of 12.79% and a web margin of 6.76%. Promote-side analysts anticipate that Selective Insurance coverage Group, Inc. will submit 5.02 EPS for the present fiscal 12 months.

Selective Insurance coverage Group Will increase Dividend

The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of report on Tuesday, November fifteenth have been paid a dividend of $0.30 per share. It is a constructive change from Selective Insurance coverage Group’s earlier quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Monday, November 14th. Selective Insurance coverage Group’s payout ratio is 32.00%.

Wall Avenue Analyst Weigh In

A number of analysis analysts not too long ago weighed in on SIGI shares. StockNews.com began protection on Selective Insurance coverage Group in a analysis notice on Wednesday, October twelfth. They set a “maintain” ranking on the inventory. Morgan Stanley boosted their goal worth on Selective Insurance coverage Group from $98.00 to $105.00 and gave the inventory an “chubby” ranking in a analysis notice on Tuesday, November twenty second. BMO Capital Markets assumed protection on Selective Insurance coverage Group in a analysis notice on Thursday. They set a “market carry out” ranking and a $90.00 goal worth on the inventory. Piper Sandler lifted their worth goal on Selective Insurance coverage Group from $88.00 to $91.00 in a analysis report on Tuesday, January tenth. Lastly, Janney Montgomery Scott initiated protection on Selective Insurance coverage Group in a report on Friday, November eleventh. They issued a “impartial” ranking and a $96.00 worth goal for the corporate.

Insiders Place Their Bets

In different Selective Insurance coverage Group information, Director J Brian Thebault bought 3,269 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, November eighth. The inventory was bought at a mean worth of $93.28, for a complete transaction of $304,932.32. Following the completion of the sale, the director now instantly owns 51,500 shares within the firm, valued at roughly $4,803,920. The transaction was disclosed in a doc filed with the SEC, which is out there via this hyperlink. In different information, Director J Brian Thebault bought 3,269 shares of the corporate’s inventory in a transaction that occurred on Tuesday, November eighth. The inventory was bought at a mean worth of $93.28, for a complete worth of $304,932.32. Following the completion of the sale, the director now instantly owns 51,500 shares within the firm, valued at $4,803,920. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is out there via the SEC web site. Additionally, COO Brenda M. Corridor bought 2,813 shares of the corporate’s inventory in a transaction that occurred on Monday, November twenty eighth. The shares have been bought at a mean worth of $95.11, for a complete worth of $267,544.43. Following the completion of the sale, the chief working officer now owns 18,650 shares of the corporate’s inventory, valued at $1,773,801.50. The disclosure for this sale will be discovered right here. Within the final three months, insiders bought 8,734 shares of firm inventory value $825,796. Company insiders personal 2.00% of the corporate’s inventory.

Selective Insurance coverage Group Profile

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Selective Insurance coverage Group, Inc, along with its subsidiaries, gives insurance coverage services and products in the USA. It operates via 4 segments: Commonplace Industrial Strains, Commonplace Private Strains, E&S Strains, and Investments. The corporate gives property insurance coverage merchandise, which covers the monetary penalties of unintended lack of an insured’s actual property, private property, and/or earnings because of the property’s loss; and casualty insurance coverage merchandise that covers the monetary penalties of worker accidents in the middle of employment, and bodily damage and/or property injury to a 3rd occasion, in addition to flood insurance coverage merchandise.

Really useful Tales

Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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