Selective Insurance Group Inc. (NASDAQ:SIGI) CEO Gregory E. Murphy sold 8,333 shares of Selective Insurance Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $39.76, for a total value of $331,320.08. Following the transaction, the chief executive officer now owns 219,033 shares of the company’s stock, valued at $8,708,752.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $39.50, for a total value of $329,153.50.

Selective Insurance Group Inc. (NASDAQ:SIGI) opened at 40.25 on Friday. Selective Insurance Group Inc. has a 1-year low of $29.27 and a 1-year high of $41.30. The firm has a market capitalization of $2.33 billion, a P/E ratio of 14.38 and a beta of 1.22. The company has a 50-day moving average price of $38.77 and a 200 day moving average price of $38.33.

Selective Insurance Group (NASDAQ:SIGI) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.08. The firm had revenue of $581.70 million for the quarter, compared to analysts’ expectations of $462.11 million. Selective Insurance Group had a return on equity of 10.96% and a net margin of 7.32%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. Analysts expect that Selective Insurance Group Inc. will post $2.60 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.15. Selective Insurance Group’s dividend payout ratio (DPR) is currently 22.78%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new position in shares of Selective Insurance Group during the second quarter valued at $107,000. Victory Capital Management Inc. increased its position in shares of Selective Insurance Group by 77.4% in the second quarter. Victory Capital Management Inc. now owns 3,097 shares of the company’s stock valued at $118,000 after buying an additional 1,351 shares during the period. BlackRock Inc. increased its position in shares of Selective Insurance Group by 112.7% in the first quarter. BlackRock Inc. now owns 3,815 shares of the company’s stock valued at $140,000 after buying an additional 2,021 shares during the period. Societe Generale bought a new position in shares of Selective Insurance Group during the second quarter valued at $180,000. Finally, SG Americas Securities LLC bought a new position in shares of Selective Insurance Group during the second quarter valued at $180,000. Hedge funds and other institutional investors own 75.97% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Saturday, October 15th. Keefe, Bruyette & Woods set a $41.00 target price on Selective Insurance Group and gave the stock a “hold” rating in a research note on Monday, August 1st.

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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