Selective Insurance Group Inc. (NASDAQ:SIGI) CEO Gregory E. Murphy sold 8,333 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $40.39, for a total value of $336,569.87. Following the completion of the transaction, the chief executive officer now directly owns 235,699 shares in the company, valued at $9,519,882.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gregory E. Murphy also recently made the following trade(s):

  • On Thursday, September 15th, Gregory E. Murphy sold 8,333 shares of Selective Insurance Group stock. The shares were sold at an average price of $39.50, for a total value of $329,153.50.

Shares of Selective Insurance Group Inc. (NASDAQ:SIGI) opened at 40.15 on Wednesday. The company has a 50-day moving average price of $39.87 and a 200-day moving average price of $37.84. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.57 and a beta of 1.33. Selective Insurance Group Inc. has a 12 month low of $29.27 and a 12 month high of $41.30.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.13. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $569.77 million. Selective Insurance Group had a return on equity of 12.11% and a net margin of 7.84%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, equities analysts anticipate that Selective Insurance Group Inc. will post $2.75 EPS for the current year.

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

A number of research analysts have recently issued reports on SIGI shares. Keefe, Bruyette & Woods set a $41.00 price objective on Selective Insurance Group and gave the company a “hold” rating in a research note on Monday, August 1st. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Saturday.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. boosted its position in Selective Insurance Group by 3.9% in the second quarter. PineBridge Investments L.P. now owns 7,310 shares of the company’s stock worth $279,000 after buying an additional 274 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Selective Insurance Group by 0.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 40,138 shares of the company’s stock worth $1,534,000 after buying an additional 348 shares in the last quarter. United Services Automobile Association boosted its position in Selective Insurance Group by 2.5% in the second quarter. United Services Automobile Association now owns 16,160 shares of the company’s stock worth $617,000 after buying an additional 390 shares in the last quarter. Capstone Asset Management Co. boosted its position in Selective Insurance Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 17,283 shares of the company’s stock worth $660,000 after buying an additional 400 shares in the last quarter. Finally, Strs Ohio boosted its position in Selective Insurance Group by 1.2% in the second quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $1,280,000 after buying an additional 400 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Selective Insurance Group Company Profile

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

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