MetLife Investment Advisors LLC Buys Shares of 26,789 Selective Insurance (SIGI)

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.

How to Become a New Pot Stock Millionaire

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.

Selective Insurance (NASDAQ:SIGI) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.06. The business had revenue of $633.70 million for the quarter, compared to the consensus estimate of $632.30 million. Selective Insurance had a net margin of 6.83% and a return on equity of 11.11%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. equities analysts forecast that Selective Insurance will post 3.88 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “MetLife Investment Advisors LLC Buys Shares of 26,789 Selective Insurance (SIGI)” was published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3340169/metlife-investment-advisors-llc-buys-shares-of-26789-selective-insurance-sigi.html.

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.

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

Receive News & Ratings for Selective Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Piper Jaffray Weighs in on PNC Financial Services Group Inc’s Q2 2018 Earnings
Piper Jaffray Weighs in on PNC Financial Services Group Inc’s Q2 2018 Earnings
Piper Jaffray Weighs in on Wintrust Financial Co.’s Q2 2018 Earnings
Piper Jaffray Weighs in on Wintrust Financial Co.’s Q2 2018 Earnings
Q1 2018 EPS Estimates for Buckeye Partners Reduced by US Capital Advisors
Q1 2018 EPS Estimates for Buckeye Partners Reduced by US Capital Advisors
Peabody Energy  Earns Media Sentiment Rating of 0.03
Peabody Energy Earns Media Sentiment Rating of 0.03
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Grupo Aeroportuario del Sureste  Stock Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Grupo Aeroportuario del Sureste Stock Price
Healthcare Realty Trust  Earns Coverage Optimism Score of 0.16
Healthcare Realty Trust Earns Coverage Optimism Score of 0.16


Leave a Reply

© 2006-2018 Ticker Report. Google+.