Selective Insurance Group, Inc. (SIGI) Director Sells $296,700.00 in Stock

Selective Insurance Group, Inc. (NASDAQ:SIGI) Director Cynthia S. Nicholson sold 6,900 shares of Selective Insurance Group stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $43.00, for a total transaction of $296,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Selective Insurance Group, Inc. (NASDAQ:SIGI) opened at 43.35 on Tuesday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.06 and a beta of 1.29. Selective Insurance Group, Inc. has a 1-year low of $32.50 and a 1-year high of $44.35. The company has a 50-day moving average of $42.65 and a 200-day moving average of $40.53.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Selective Insurance Group had a net margin of 6.94% and a return on equity of 10.55%. The firm earned $582.40 million during the quarter, compared to analysts’ expectations of $500.43 million. During the same period in the previous year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Selective Insurance Group, Inc. will post $2.99 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, February 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.48%. Selective Insurance Group’s payout ratio is 23.70%.

“Selective Insurance Group, Inc. (SIGI) Director Sells $296,700.00 in Stock” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The original version of this piece can be accessed at http://sleekmoney.com/selective-insurance-group-inc-sigi-director-sells-296700-00-in-stock/1660019.html.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Selective Insurance Group by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,785,664 shares of the company’s stock worth $206,023,000 after buying an additional 101,994 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Selective Insurance Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,330,663 shares of the company’s stock worth $165,474,000 after buying an additional 161,513 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Selective Insurance Group by 7.0% in the second quarter. Macquarie Group Ltd. now owns 2,866,942 shares of the company’s stock worth $109,546,000 after buying an additional 188,541 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Selective Insurance Group by 38.5% in the second quarter. Frontier Capital Management Co. LLC now owns 1,387,530 shares of the company’s stock worth $53,018,000 after buying an additional 385,549 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Selective Insurance Group by 6.8% in the fourth quarter. State Street Corp now owns 1,273,886 shares of the company’s stock worth $54,846,000 after buying an additional 81,320 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th. Royal Bank Of Canada cut shares of Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 price target on the stock. in a report on Friday, December 9th. Sandler O’Neill assumed coverage on shares of Selective Insurance Group in a report on Monday, January 23rd. They issued a “hold” rating and a $44.00 price target on the stock. Finally, RBC Capital Markets cut shares of Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 price target on the stock. in a report on Thursday, December 8th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.20.

About Selective Insurance Group

Selective Insurance Group, Inc is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies.

5 Day Chart for NASDAQ:SIGI

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/selective-insurance-group-inc-sigi-director-sells-296700-00-in-stock/1660019.html

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