MetLife Investment Advisors LLC bought a new stake in shares of Selective Insurance (NASDAQ:SIGI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,789 shares of the insurance provider’s stock, valued at approximately $1,573,000.
A number of other institutional investors have also recently bought and sold shares of SIGI. McQueen Ball & Associates Inc. purchased a new stake in Selective Insurance in the 4th quarter worth about $203,000. Zeke Capital Advisors LLC purchased a new stake in Selective Insurance in the 4th quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Selective Insurance by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,697 shares of the insurance provider’s stock worth $217,000 after purchasing an additional 1,171 shares during the period. Two Sigma Advisers LP purchased a new stake in Selective Insurance in the 4th quarter worth about $233,000. Finally, Koch Industries Inc. purchased a new stake in Selective Insurance in the 4th quarter worth about $295,000. 78.69% of the stock is currently owned by institutional investors.
Shares of SIGI stock opened at $59.45 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $3,577.56, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.78 and a beta of 1.25. Selective Insurance has a one year low of $44.65 and a one year high of $62.40.
A number of analysts recently weighed in on the stock. Sandler O’Neill reissued a “hold” rating and issued a $61.00 price objective on shares of Selective Insurance in a research report on Friday. Zacks Investment Research lowered shares of Selective Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, March 31st. BidaskClub raised shares of Selective Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 30th. Keefe, Bruyette & Woods set a $62.00 price objective on shares of Selective Insurance and gave the stock a “hold” rating in a research report on Monday, February 5th. Finally, ValuEngine raised shares of Selective Insurance from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Selective Insurance presently has an average rating of “Hold” and a consensus target price of $62.50.
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About Selective Insurance
Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) 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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