Coldstream Capital Management Inc. Acquires Shares of 3,397 Selective Insurance Group (NASDAQ:SIGI)

Coldstream Capital Management Inc. acquired a new stake in Selective Insurance Group (NASDAQ:SIGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,397 shares of the insurance provider’s stock, valued at approximately $207,000.

A number of other large investors have also modified their holdings of SIGI. Bronfman E.L. Rothschild L.P. lifted its position in shares of Selective Insurance Group by 224.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 457 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 316 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Selective Insurance Group in the 3rd quarter valued at approximately $56,000. Private Capital Group LLC lifted its position in shares of Selective Insurance Group by 55.5% in the 4th quarter. Private Capital Group LLC now owns 1,056 shares of the insurance provider’s stock valued at $64,000 after acquiring an additional 377 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Selective Insurance Group in the 4th quarter valued at approximately $101,000. Finally, First Quadrant L P CA purchased a new stake in shares of Selective Insurance Group in the 4th quarter valued at approximately $108,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Several brokerages recently commented on SIGI. BidaskClub upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. ValuEngine downgraded shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Zacks Investment Research downgraded shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $65.33.

SIGI stock traded down $0.30 during midday trading on Monday, reaching $67.68. The company had a trading volume of 126,605 shares, compared to its average volume of 170,310. Selective Insurance Group has a 1 year low of $53.55 and a 1 year high of $68.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.27 and a beta of 0.95.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Thursday, January 31st. The insurance provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.26. Selective Insurance Group had a net margin of 6.92% and a return on equity of 12.69%. The company had revenue of $680.90 million during the quarter, compared to the consensus estimate of $661.70 million. On average, research analysts anticipate that Selective Insurance Group will post 4.2 EPS for the current year.

In other news, Director Paul D. Bauer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $66.28, for a total transaction of $662,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Burville sold 3,614 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $66.27, for a total transaction of $239,499.78. The disclosure for this sale can be found here. Insiders have sold a total of 18,614 shares of company stock worth $1,233,550 in the last 90 days. 2.00% of the stock is owned by insiders.

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Selective Insurance Group Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus 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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Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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