Selective Insurance Group, Inc. (SIGI) Director John Burville Sells 6,000 Shares

Selective Insurance Group, Inc. (NASDAQ:SIGI) Director John Burville sold 6,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $59.00, for a total transaction of $354,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

John Burville also recently made the following trade(s):

  • On Thursday, November 16th, John Burville sold 5,000 shares of Selective Insurance Group stock. The shares were sold at an average price of $58.68, for a total transaction of $293,400.00.
  • On Monday, November 13th, John Burville sold 2,000 shares of Selective Insurance Group stock. The shares were sold at an average price of $58.53, for a total transaction of $117,060.00.
  • On Friday, November 10th, John Burville sold 1,000 shares of Selective Insurance Group stock. The shares were sold at an average price of $58.76, for a total transaction of $58,760.00.
  • On Tuesday, November 7th, John Burville sold 600 shares of Selective Insurance Group stock. The shares were sold at an average price of $59.10, for a total transaction of $35,460.00.

Selective Insurance Group, Inc. (SIGI) traded up $0.35 during trading on Monday, reaching $59.25. 222,917 shares of the company traded hands, compared to its average volume of 222,821. Selective Insurance Group, Inc. has a 52-week low of $38.50 and a 52-week high of $60.50. The firm has a market capitalization of $3,439.25, a PE ratio of 19.57, a P/E/G ratio of 1.57 and a beta of 1.46. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The firm had revenue of $621.30 million during the quarter, compared to analysts’ expectations of $625.80 million. During the same period last year, the business earned $0.66 earnings per share. Selective Insurance Group’s revenue was up 6.8% compared to the same quarter last year. research analysts anticipate that Selective Insurance Group, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.18 per share. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, November 14th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 23.92%.

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Institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its position in Selective Insurance Group by 5.1% during the second quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock worth $109,000 after purchasing an additional 106 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Selective Insurance Group by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock valued at $123,000 after acquiring an additional 23 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Selective Insurance Group by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 204 shares during the last quarter. Advisor Group Inc. increased its position in shares of Selective Insurance Group by 41.3% during the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Selective Insurance Group during the third quarter valued at about $201,000. Hedge funds and other institutional investors own 76.19% of the company’s stock.

A number of equities research analysts have recently commented on SIGI shares. BidaskClub upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $55.00 target price on shares of Selective Insurance Group and gave the company a “hold” rating in a research report on Sunday, October 29th. Royal Bank Of Canada reiterated a “hold” rating and issued a $50.00 target price on shares of Selective Insurance Group in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.91.

Selective Insurance Group Company 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.

Insider Buying and Selling by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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