Zebra Capital Management buys $2.4 Million stake in Selective Insurance Group (SIGI)

Selective Insurance Group (SIGI) : Zebra Capital Management scooped up 13,934 additional shares in Selective Insurance Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 67,158 shares of Selective Insurance Group which is valued at $2.4 Million.Selective Insurance Group makes up approximately 0.98% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in SIGI by selling 9,006 shares or 19.42% in the most recent quarter. The Hedge Fund company now holds 37,358 shares of SIGI which is valued at $1.3 Million.Landscape Capital Management L.l.c. boosted its stake in SIGI in the latest quarter, The investment management firm added 9,500 additional shares and now holds a total of 22,100 shares of Selective Insurance Group which is valued at $796,042. Selective Insurance Group makes up approx 0.10% of Landscape Capital Management L.l.c.’s portfolio.Ls Investment Advisors boosted its stake in SIGI in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 2,003 shares of Selective Insurance Group which is valued at $72,148. Selective Insurance Group makes up approx 0.01% of Ls Investment Advisors’s portfolio. Checchi Capital Advisers added SIGI to its portfolio by purchasing 108 company shares during the most recent quarter which is valued at $3,840.

Selective Insurance Group opened for trading at $35.4 and hit $35.9 on the upside on Friday, eventually ending the session at $35.67, with a gain of 1.51% or 0.53 points. The heightened volatility saw the trading volume jump to 1,40,458 shares. Company has a market cap of $2,056,161 M.

On the company’s financial health, Selective Insurance Group reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.58. The company had revenue of $551.50 million for the quarter, compared to analysts expectations of $555.52 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Selective Insurance Group. Selective Insurance Group was Resumed by Keefe Bruyette to “Mkt Perform” on May 4, 2016.

Selective Insurance Group Inc. (the Parent) is a holding company with insurance subsidiaries. The Company operates its business through four reportable segments: Standard Commercial Lines Standard Personal Lines E&S Lines and Investments. Standard Commercial Lines consists of insurance products and services provided in the standard marketplace to its commercial customers. Standard Personal Lines consists of insurance products and services including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP). E&S Lines consists of insurance products and services provided to customers who have not obtained coverage in the standard marketplace. It only writes commercial lines excess and surplus (E&S) coverages. Investments segment invests the premiums collected by its insurance segments as well as amounts generated through its capital management strategies which includes the issuance of debt and equity securities.

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