Selective Insurance Group (SIGI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Selective Insurance Group (NASDAQ:SIGI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,163,970 shares of the insurance provider’s stock after selling 27,725 shares during the quarter. Bank of New York Mellon Corp owned 1.99% of Selective Insurance Group worth $62,678,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake 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 valued at $49,838,000 after buying an additional 563,487 shares in the last quarter. Northern Trust Corp raised its stake 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 valued at $68,044,000 after buying an additional 189,401 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $265,086,000 after buying an additional 81,335 shares in the last quarter. Shell Asset Management Co. raised its stake 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 valued at $2,069,000 after buying an additional 63,676 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Selective Insurance Group by 3.9% in the 2nd quarter. State Street Corp now owns 1,414,041 shares of the insurance provider’s stock valued at $70,766,000 after buying an additional 53,087 shares in the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.

In other Selective Insurance Group news, Director John Burville sold 600 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $59.10, for a total transaction of $35,460.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Morrissey sold 1,875 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $61.47, for a total transaction of $115,256.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,535 shares of company stock worth $977,506. Insiders own 3.00% of the company’s stock.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down $0.50 during trading on Friday, hitting $61.20. 162,400 shares of the company were exchanged, compared to its average volume of 221,037. The firm has a market cap of $3,529.76, a PE ratio of 20.08, a P/E/G ratio of 1.61 and a beta of 1.46. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a 1-year low of $38.50 and a 1-year high of $62.40.

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

The company also recently announced 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. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. Selective Insurance Group’s dividend payout ratio (DPR) is 23.92%.

A number of brokerages have recently issued reports on SIGI. Royal Bank Of Canada restated a “hold” rating and issued a $55.00 price objective on shares of Selective Insurance Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $48.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Selective Insurance Group has a consensus rating of “Hold” and a consensus price target of $49.91.

ILLEGAL ACTIVITY WARNING: “Selective Insurance Group (SIGI) Shares Sold by Bank of New York Mellon Corp” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/01/selective-insurance-group-sigi-shares-sold-by-bank-of-new-york-mellon-corp-2.html.

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.

Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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Selective Insurance Group (SIGI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Selective Insurance Group (NASDAQ:SIGI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,163,970 shares of the insurance provider’s stock after selling 27,725 shares during the quarter. Bank of New York Mellon Corp owned 1.99% of Selective Insurance Group worth $62,678,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake 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 valued at $49,838,000 after buying an additional 563,487 shares in the last quarter. Northern Trust Corp raised its stake 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 valued at $68,044,000 after buying an additional 189,401 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $265,086,000 after buying an additional 81,335 shares in the last quarter. Shell Asset Management Co. raised its stake 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 valued at $2,069,000 after buying an additional 63,676 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Selective Insurance Group by 3.9% in the 2nd quarter. State Street Corp now owns 1,414,041 shares of the insurance provider’s stock valued at $70,766,000 after buying an additional 53,087 shares in the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.

In other Selective Insurance Group news, Director John Burville sold 600 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $59.10, for a total transaction of $35,460.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Morrissey sold 1,875 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $61.47, for a total transaction of $115,256.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,535 shares of company stock worth $977,506. Insiders own 3.00% of the company’s stock.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down $0.50 during trading on Friday, hitting $61.20. 162,400 shares of the company were exchanged, compared to its average volume of 221,037. The firm has a market cap of $3,529.76, a PE ratio of 20.08, a P/E/G ratio of 1.61 and a beta of 1.46. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a 1-year low of $38.50 and a 1-year high of $62.40.

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

The company also recently announced 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. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. Selective Insurance Group’s dividend payout ratio (DPR) is 23.92%.

A number of brokerages have recently issued reports on SIGI. Royal Bank Of Canada restated a “hold” rating and issued a $55.00 price objective on shares of Selective Insurance Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $48.00 target price on shares of Selective Insurance Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. ValuEngine upgraded shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Selective Insurance Group has a consensus rating of “Hold” and a consensus price target of $49.91.

ILLEGAL ACTIVITY WARNING: “Selective Insurance Group (SIGI) Shares Sold by Bank of New York Mellon Corp” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/01/selective-insurance-group-sigi-shares-sold-by-bank-of-new-york-mellon-corp-2.html.

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.

Institutional Ownership by Quarter for Selective Insurance Group (NASDAQ:SIGI)

Receive News & Stock Ratings for Selective Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group and related stocks with our FREE daily email newsletter.


 Comment on this Post

 
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