Insider Selling: Selective Insurance Group, Inc. (SIGI) Director Sells 2,000 Shares of Stock

Selective Insurance Group, Inc. (NASDAQ:SIGI) Director John Burville sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $58.53, for a total value of $117,060.00. Following the transaction, the director now directly owns 82,898 shares in the company, valued at $4,852,019.94. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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 value 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 value of $35,460.00.

Selective Insurance Group, Inc. (NASDAQ:SIGI) traded up $0.10 on Tuesday, reaching $58.40. The company had a trading volume of 90,100 shares, compared to its average volume of 223,353. 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, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $60.50. The company has a market cap of $3,400.00, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.46.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.18 dividend. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, November 14th. Selective Insurance Group’s dividend payout ratio (DPR) is currently 21.26%.

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A number of equities analysts recently weighed in on SIGI shares. Zacks Investment Research raised Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. ValuEngine upgraded Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Friday, October 27th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price target on shares of Selective Insurance Group in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.91.

Several hedge funds have recently modified their holdings of SIGI. Goldman Sachs Group Inc. grew its position in shares of Selective Insurance Group by 130.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 995,781 shares of the insurance provider’s stock worth $49,838,000 after buying an additional 563,487 shares during the last quarter. Northern Trust Corp grew its position in shares of Selective Insurance Group by 16.2% in the 2nd quarter. Northern Trust Corp now owns 1,359,536 shares of the insurance provider’s stock worth $68,044,000 after buying an additional 189,401 shares during the last quarter. State Street Corp grew its position in shares of Selective Insurance Group by 6.8% in the 1st quarter. State Street Corp now owns 1,360,954 shares of the insurance provider’s stock worth $64,174,000 after buying an additional 87,068 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Selective Insurance Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,296,404 shares of the insurance provider’s stock worth $265,086,000 after buying an additional 81,335 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of Selective Insurance Group by 213.8% in the 3rd quarter. Shell Asset Management Co. now owns 93,462 shares of the insurance provider’s stock worth $2,069,000 after buying an additional 63,676 shares during the last quarter. Hedge funds and other institutional investors own 76.46% of the company’s stock.

About Selective Insurance Group

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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