Zebra Capital Management buys $3,732,465 stake in Selective Insurance Group (SIGI)

Selective Insurance Group (SIGI) : Zebra Capital Management scooped up 13,208 additional shares in Selective Insurance Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 92,046 shares of Selective Insurance Group which is valued at $3,732,465.Selective Insurance Group makes up approximately 1.11% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in SIGI by selling 72 shares or 29.15% in the most recent quarter. The Hedge Fund company now holds 175 shares of SIGI which is valued at $7,096.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in SIGI by selling 3,200 shares or 71.11% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of SIGI which is valued at $50,115. Selective Insurance Group makes up approx 0.01% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Rhumbline Advisers boosted its stake in SIGI in the latest quarter, The investment management firm added 5,740 additional shares and now holds a total of 96,570 shares of Selective Insurance Group which is valued at $3,481,349. Selective Insurance Group makes up approx 0.01% of Rhumbline Advisers’s portfolio.Teacher Retirement System Of Texas reduced its stake in SIGI by selling 1,792 shares or 22.4% in the most recent quarter. The Hedge Fund company now holds 6,207 shares of SIGI which is valued at $221,900.Texas Permanent School Fund reduced its stake in SIGI by selling 35 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 44,041 shares of SIGI which is valued at $1,625,113. Selective Insurance Group makes up approx 0.02% of Texas Permanent School Fund’s portfolio.

Selective Insurance Group opened for trading at $40.55 and hit $40.8 on the upside on Monday, eventually ending the session at $40.65, with a gain of 0.99% or 0.4 points. The heightened volatility saw the trading volume jump to 3,12,076 shares. Company has a market cap of $2,352 M.

On the company’s financial health, Selective Insurance Group reported $0.66 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.71. The company had revenue of $581.70 million for the quarter, compared to analysts expectations of $579.42 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

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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