Selective Insurance Coverage Group, Inc. ( NASDAQ: SIGI— Selective Insurance Coverage Group, Inc. ( NASDAQ: SIGI— Secure Free Report) was the target of a big boost simply put interest in December. Since December 15th, there was brief interest amounting to 1,160,000 shares, a boost of 23.3% from the November 30th overall of 940,700 shares. Based upon a typical trading volume of 308,800 shares, the days-to-cover ratio is currently 3.8 days. Presently, 2.0% of the business’s stock are brief offered.
Wall Street Experts Projection Development
SIGI has actually been the topic of a variety of current research study reports. Piper Sandler lowered their rate goal on shares of Selective Insurance coverage Group from $112.00 to $106.00 and set a “neutral” ranking for the business in a research study note on Friday, October sixth. StockNews.com presumed protection on shares of Selective Insurance coverage Group in a research study report on Thursday, October 5th. They set a “hold” ranking for the business. Royal Bank of Canada improved their rate target on shares of Selective Insurance coverage Group from $105.00 to $108.00 and provided the business a “sector carry out” ranking in a research study report on Friday, November 3rd. Lastly, Oppenheimer started protection on shares of Selective Insurance coverage Group in a report on Thursday, November 16th. They set an “outperform” ranking and a $120.00 rate goal for the business. One expert has actually ranked the stock with a sell ranking, 5 have actually offered a hold ranking and one has actually provided a buy ranking to the stock. Based upon information from MarketBeat, Selective Insurance coverage Group currently has an agreement ranking of “Hold” and a typical rate target of $105.17.
Selective Insurance Coverage Group Rate Efficiency
Shares of NASDAQ SIGI opened at $99.48 on Monday. Selective Insurance Coverage Group has a 1 year low of $87.66 and a 1 year high of $108.18. The business has a debt-to-equity ratio of 0.21, a present ratio of 0.31 and a fast ratio of 0.31. The business’s 50-day moving average is $102.06 and its 200 day moving average is $101.03. The stock has a market capitalization of $6.03 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.71 and a beta of 0.54.
Selective Insurance Coverage Group ( NASDAQ: SIGI— Secure Free Report) last revealed its quarterly profits information on Wednesday, November 1st. The insurance coverage supplier reported $1.51 profits per share for the quarter, missing out on experts’ agreement price quotes of $1.66 by ($ 0.15). Business had earnings of $1.08 billion throughout the quarter, compared to experts’ expectations of $1.07 billion. Selective Insurance Coverage Group had a return on equity of 13.86% and a net margin of 7.97%. Throughout the very same quarter in 2015, the business published $0.99 EPS. Typically, sell-side experts anticipate that Selective Insurance coverage Group will publish 5.84 profits per share for the present year.
Selective Insurance Coverage Group Boosts Dividend
The business likewise just recently revealed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This is an increase from Selective Insurance coverage Group’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.41%. Selective Insurance coverage Group’s dividend payment ratio is 26.92%.
Expert Activity at Selective Insurance Coverage Group
In associated news, CEO John J. Marchioni offered 20,906 shares of the company’s stock in a deal dated Thursday, November 9th. The shares were cost a typical rate of $102.01, for an overall worth of $2,132,621.06. Following the deal, the ceo now owns 120,554 shares of the business’s stock, valued at roughly $12,297,713.54. The sale was revealed in a legal filing with the SEC, which is offered through this link 1.50% of the stock is owned by experts.
Institutional Trading of Selective Insurance Coverage Group
Hedge funds and other institutional financiers have actually just recently customized their holdings of the business. Pacer Advisors Inc. acquired a brand-new stake in shares of Selective Insurance coverage Group in the 2nd quarter worth $1,017,000. Innovative Preparation grew its stake in Selective Insurance coverage Group by 8.5% throughout the 2nd quarter. Innovative Preparation now owns 26,798 shares of the insurance coverage supplier’s stock valued at $2,571,000 after getting an extra 2,098 shares in the last quarter. Geode Capital Management LLC grew its stake in Selective Insurance coverage Group by 3.6% throughout the 2nd quarter. Geode Capital Management LLC now owns 1,307,337 shares of the insurance coverage supplier’s stock valued at $125,439,000 after getting an extra 44,861 shares in the last quarter. Dark Forest Capital Management LP acquired a brand-new position in Selective Insurance coverage Group throughout the very first quarter valued at $271,000. Lastly, Wellington Management Group LLP raised its position in Selective Insurance coverage Group by 2.7% throughout the very first quarter. Wellington Management Group LLP now owns 398,473 shares of the insurance coverage supplier’s stock valued at $37,986,000 after acquiring an extra 10,462 shares throughout the last quarter. 83.66% of the stock is owned by hedge funds and other institutional financiers.
About Selective Insurance Coverage Group
Selective Insurance Coverage Group, Inc, together with its subsidiaries, supplies insurance coverage services and products in the United States. The business runs through 4 sections: Requirement Commercial Lines, Requirement Personal Lines, E&S Lines, and Investments. It provides residential or commercial property insurance coverage items, which covers the unintentional loss of an insured’s real estate, personal effects, and/or profits due to the residential or commercial property’s loss; casualty insurance coverage items that covers the monetary repercussions of worker injuries in the course of work, and physical injury and/or residential or commercial property damage to a 3rd party; and flood insurance coverage items.
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