Mutual of America Capital Management LLC Increases Stake in Selective Insurance Group, Inc. (SIGI)

Mutual of America Capital Management LLC lifted its holdings in shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,147 shares of the insurance provider’s stock after acquiring an additional 4,351 shares during the period. Mutual of America Capital Management LLC owned 0.27% of Selective Insurance Group worth $8,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SIGI. BlackRock Inc. grew its position in shares of Selective Insurance Group by 54,172.3% during the first quarter. BlackRock Inc. now owns 7,425,534 shares of the insurance provider’s stock worth $350,112,000 after acquiring an additional 7,411,852 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Selective Insurance Group by 130.3% during the second quarter. Goldman Sachs Group Inc. now owns 995,781 shares of the insurance provider’s stock worth $49,838,000 after acquiring an additional 563,487 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Selective Insurance Group by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,215,069 shares of the insurance provider’s stock worth $245,891,000 after acquiring an additional 317,023 shares during the last quarter. Northern Trust Corp grew its position in shares of Selective Insurance Group by 16.2% during the second quarter. Northern Trust Corp now owns 1,359,536 shares of the insurance provider’s stock worth $68,044,000 after acquiring an additional 189,401 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Selective Insurance Group by 19.6% during the first quarter. Bank of America Corp DE now owns 845,897 shares of the insurance provider’s stock worth $39,884,000 after acquiring an additional 138,779 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $48.00 target price on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods set a $48.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.91.

In other Selective Insurance Group news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $50.81, for a total value of $33,788.65. Following the sale, the director now directly owns 15,177 shares of the company’s stock, valued at $771,143.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Morrissey sold 2,483 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $50.46, for a total value of $125,292.18. The disclosure for this sale can be found here. Insiders sold 4,148 shares of company stock worth $210,141 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Selective Insurance Group, Inc. (NASDAQ SIGI) traded up 0.54% during trading on Friday, reaching $55.80. 113,490 shares of the company were exchanged. The stock has a market capitalization of $3.26 billion, a PE ratio of 19.44 and a beta of 1.44. The firm’s 50 day moving average is $52.49 and its 200 day moving average is $50.63. Selective Insurance Group, Inc. has a 52-week low of $34.95 and a 52-week high of $56.75.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.05). Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The company had revenue of $614.50 million during the quarter, compared to analyst estimates of $611.62 million. During the same period in the prior year, the business earned $0.74 earnings per share. Selective Insurance Group’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Selective Insurance Group, Inc. will post $2.95 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Mutual of America Capital Management LLC Increases Stake in Selective Insurance Group, Inc. (SIGI)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on an

Several other institutional investors and hedge funds have also made changes to their positions in SIGI. BlackRock Inc. grew its position in shares of Selective Insurance Group by 54,172.3% during the first quarter. BlackRock Inc. now owns 7,425,534 shares of the insurance provider’s stock worth $350,112,000 after acquiring an additional 7,411,852 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Selective Insurance Group by 130.3% during the second quarter. Goldman Sachs Group Inc. now owns 995,781 shares of the insurance provider’s stock worth $49,838,000 after acquiring an additional 563,487 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Selective Insurance Group by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,215,069 shares of the insurance provider’s stock worth $245,891,000 after acquiring an additional 317,023 shares during the last quarter. Northern Trust Corp grew its position in shares of Selective Insurance Group by 16.2% during the second quarter. Northern Trust Corp now owns 1,359,536 shares of the insurance provider’s stock worth $68,044,000 after acquiring an additional 189,401 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Selective Insurance Group by 19.6% during the first quarter. Bank of America Corp DE now owns 845,897 shares of the insurance provider’s stock worth $39,884,000 after acquiring an additional 138,779 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $48.00 target price on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods set a $48.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.91.

In other Selective Insurance Group news, Director Michael J. Morrissey sold 665 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $50.81, for a total value of $33,788.65. Following the sale, the director now directly owns 15,177 shares of the company’s stock, valued at $771,143.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Morrissey sold 2,483 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $50.46, for a total value of $125,292.18. The disclosure for this sale can be found here. Insiders sold 4,148 shares of company stock worth $210,141 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Selective Insurance Group, Inc. (NASDAQ SIGI) traded up 0.54% during trading on Friday, reaching $55.80. 113,490 shares of the company were exchanged. The stock has a market capitalization of $3.26 billion, a PE ratio of 19.44 and a beta of 1.44. The firm’s 50 day moving average is $52.49 and its 200 day moving average is $50.63. Selective Insurance Group, Inc. has a 52-week low of $34.95 and a 52-week high of $56.75.

Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.05). Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The company had revenue of $614.50 million during the quarter, compared to analyst estimates of $611.62 million. During the same period in the prior year, the business earned $0.74 earnings per share. Selective Insurance Group’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Selective Insurance Group, Inc. will post $2.95 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Mutual of America Capital Management LLC Increases Stake in Selective Insurance Group, Inc. (SIGI)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/21/mutual-of-america-capital-management-llc-increases-stake-in-selective-insurance-group-inc-sigi.html.

Selective Insurance Group Profile

Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.

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

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