Envestnet Asset Management Trimmed Its Selective Ins Group (SIGI) Position; Scotts Miracle-gro Co (SMG)’s Sentiment Is 1.19

June 14, 2018 - By Peter Hammer

The Scotts Miracle-Gro Company (NYSE:SMG) Logo

Envestnet Asset Management Inc decreased Selective Ins Group Inc (SIGI) stake by 64.96% reported in 2018Q1 SEC filing. Envestnet Asset Management Inc sold 8,704 shares as Selective Ins Group Inc (SIGI)’s stock declined 4.33%. The Envestnet Asset Management Inc holds 4,696 shares with $267,000 value, down from 13,400 last quarter. Selective Ins Group Inc now has $3.36 billion valuation. The stock decreased 0.87% or $0.5 during the last trading session, reaching $57.25. About 46,124 shares traded. Selective Insurance Group, Inc. (NASDAQ:SIGI) has risen 12.38% since June 14, 2017 and is uptrending. It has underperformed by 0.19% the S&P500. Some Historical SIGI News: ; 09/04/2018 – Selective Insurance Group, Inc. Announces First Quarter Catastrophe Losses, Other Property Losses and Net Favorable Reserve Development; 09/04/2018 – Selective: Catastrophe Losses Primarily Relate to East Coast Winter Storm in Jan, Nor’Easters in March; 09/04/2018 – Selective Insurance Group, Inc. Announces First Quarter Catastrophe Losses, Other Property Losses and Net Favorable Reserve Dev; 09/04/2018 – Selective: 1Q Catastrophe and Non-Catastrophe Property Losses Were Above Expected by $33 M; 02/05/2018 – Selective Insurance 1Q Rev $626.7M; 03/05/2018 – Fitch Affirms Selective Insurance’s Ratings; Outlook Stable; 23/04/2018 – DJ Selective Insurance Group Inc, Inst Holders, 1Q 2018 (SIGI); 02/05/2018 – SELECTIVE SEES 2018 AFTER-TAX NET INVESTMENT INCOME OF $150M; 02/05/2018 – SELECTIVE INSURANCE 1Q OPER EPS 46C, EST. 48C; 09/04/2018 – SELECTIVE INSURANCE SAYS LOSSES TO REDUCE 1Q EPS BY 44C

Scotts Miracle-gro Co (SMG) investors sentiment increased to 1.19 in Q1 2018. It’s up 0.11, from 1.08 in 2017Q4. The ratio is positive, as 147 funds started new or increased positions, while 124 reduced and sold positions in Scotts Miracle-gro Co. The funds in our database reported: 35.26 million shares, down from 35.74 million shares in 2017Q4. Also, the number of funds holding Scotts Miracle-gro Co in top ten positions increased from 2 to 3 for an increase of 1. Sold All: 34 Reduced: 90 Increased: 93 New Position: 54.

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products worldwide. The company has market cap of $4.74 billion. The Company’s Lawn Care segment offers lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products. It has a 20.4 P/E ratio. The companyÂ’s Gardening and Landscape segment provides water soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, live goods and seeding solutions, and hydroponic gardening products.

Analysts await The Scotts Miracle-Gro Company (NYSE:SMG) to report earnings on August, 7. They expect $2.70 EPS, up 2.66% or $0.07 from last year’s $2.63 per share. SMG’s profit will be $149.49 million for 7.93 P/E if the $2.70 EPS becomes a reality. After $2.88 actual EPS reported by The Scotts Miracle-Gro Company for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Since January 1, 0001, it had 1 insider buy, and 6 selling transactions for $7.65 million activity.

More notable recent The Scotts Miracle-Gro Company (NYSE:SMG) news were published by: Seekingalpha.com which released: “Scotts Miracle-Gro lawn and garden purchases hit record $565M in May” on June 12, 2018, also Seekingalpha.com with their article: “Scotts Miracle-Gro’s Hydroponics Business Falters” published on June 01, 2018, Fool.com published: “Better Marijuana Stock: Scotts Miracle-Gro vs. Organigram Holdings” on May 28, 2018. More interesting news about The Scotts Miracle-Gro Company (NYSE:SMG) were released by: Fool.com and their article: “Is Scotts Miracle-Gro Really the Way to Invest in the Legal Marijuana Industry?” published on May 21, 2018 as well as Nasdaq.com‘s news article titled: “The Best Way To Profit From The ‘Marijuana Revolution'” with publication date: June 12, 2018.

Ratings analysis reveals 67% of Scotts Miracle-Gro’s analysts are positive. Out of 3 Wall Street analysts rating Scotts Miracle-Gro, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. SMG was included in 3 notes of analysts from October 20, 2016. The stock of The Scotts Miracle-Gro Company (NYSE:SMG) earned “Hold” rating by SunTrust on Wednesday, January 11. Gabelli initiated The Scotts Miracle-Gro Company (NYSE:SMG) on Thursday, October 20 with “Buy” rating. The stock has “Buy” rating by Bank of America on Thursday, December 8.

Schulhoff & Co Inc holds 2.55% of its portfolio in The Scotts Miracle-Gro Company for 50,557 shares. Investment House Llc owns 225,029 shares or 2.35% of their US portfolio. Moreover, Bridger Management Llc has 1.79% invested in the company for 343,274 shares. The New York-based Boyar Asset Management Inc. has invested 1.67% in the stock. Rwc Asset Management Llp, a United Kingdom-based fund reported 301,812 shares.

The stock decreased 0.08% or $0.07 during the last trading session, reaching $85.61. About 257,510 shares traded. The Scotts Miracle-Gro Company (SMG) has declined 3.29% since June 14, 2017 and is downtrending. It has underperformed by 15.86% the S&P500. Some Historical SMG News: ; 17/04/2018 – Scotts Miracle-Gro To Acquire Hydroponics Supplier Sunlight Supply — MarketWatch; 17/04/2018 – Scotts Miracle-Gro: ‘Project Catalyst’ Plan Intended to Improve Adjusted EPS by 60c-80c in FY2019; 17/04/2018 – ScottsMiracle-Gro to Acquire Sunlight Supply Inc., Marking Major Step Forward in the Evolution of The Hawthorne Gardening Compa; 20/03/2018 – The Scotts Miracle-Gro Foundation Announces Final GRO1000 Community Garden Grant Recipients; 17/04/2018 – SCOTTSMIRACLE-GRO TO BUY SUNLIGHT SUPPLY INC., MARKING MAJOR; 19/03/2018 FLOWR, SCOTTS MIRACLE-GRO UNIT HAWTHORNE IN R&D ALLIANCE; 17/04/2018 – SCOTTSMIRACLE-GRO SEES DEAL CUTTING YR ADJ EPS BY 30C-40C; 17/04/2018 – SCOTTS MIRACLE-GRO – SET A GOAL FOR HAWTHORNE TO ACHIEVE SEGMENT PROFIT OF ABOUT $120 MLN, OPERATING PROFIT MARGIN OF 17- 18 PCT BY END OF FISCAL 2020; 17/04/2018 – Scotts Miracle-Gro: About 20% of Sunlight’s Current Sales are From Distributing Hawthorne Product; 01/05/2018 – SCOTTS MIRACLE-GRO 2Q EARNINGS CALL BEGINS

Investors sentiment increased to 1.19 in 2018 Q1. Its up 0.34, from 0.85 in 2017Q4. It improved, as 10 investors sold SIGI shares while 67 reduced holdings. 32 funds opened positions while 60 raised stakes. 44.49 million shares or 0.69% more from 44.19 million shares in 2017Q4 were reported. Td Asset Mgmt invested 0% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI). Profund Limited Com reported 11,068 shares. Tiaa Cref Investment Ltd Liability Corp holds 152,825 shares or 0.01% of its portfolio. Bank & Trust Of America Corporation De accumulated 673,019 shares. Ls Invest Advsr Llc holds 1,792 shares. Moreover, Automobile Association has 0% invested in Selective Insurance Group, Inc. (NASDAQ:SIGI). Moreover, Dreman Value Mgmt L L C has 0.02% invested in Selective Insurance Group, Inc. (NASDAQ:SIGI). Geode Cap Mngmt Limited Com invested 0.01% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI). Quantbot Lp holds 0.01% or 2,331 shares in its portfolio. Bridgeway Cap Mgmt accumulated 128,750 shares. Stone Ridge Asset Mngmt Ltd Company accumulated 11,364 shares. Phocas Financial stated it has 1.18% in Selective Insurance Group, Inc. (NASDAQ:SIGI). 9,536 are owned by Ifrah Fincl Svcs. Moreover, Citigroup has 0% invested in Selective Insurance Group, Inc. (NASDAQ:SIGI). Eulav Asset Management holds 0.03% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 9,100 shares.

Analysts await Selective Insurance Group, Inc. (NASDAQ:SIGI) to report earnings on July, 25. They expect $0.88 EPS, up 29.41% or $0.20 from last year’s $0.68 per share. SIGI’s profit will be $51.69M for 16.26 P/E if the $0.88 EPS becomes a reality. After $0.46 actual EPS reported by Selective Insurance Group, Inc. for the previous quarter, Wall Street now forecasts 91.30% EPS growth.

Since May 7, 2018, it had 0 buys, and 4 insider sales for $2.62 million activity. THEBAULT J BRIAN sold $559,024 worth of stock or 10,000 shares. Shares for $503,951 were sold by Lanza Michael H on Tuesday, May 8.

Selective Insurance Group, Inc. (NASDAQ:SIGI) Institutional Positions Chart

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