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Selective Insurance Group (NASDAQ:SIGI) announced a quarterly dividend on Wednesday, July 30th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.13 per share on Tuesday, September 2nd. This represents a $0.52 annualized dividend and a dividend yield of 2.29%.

SIGI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Selective Insurance Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $26.90 price target on the stock.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down 1.99% during mid-day trading on Wednesday, hitting $22.67. 197,225 shares of the company’s stock traded hands. Selective Insurance Group has a 52-week low of $21.38 and a 52-week high of $28.31. The stock’s 50-day moving average is $24.34 and its 200-day moving average is $23.60. The company has a market cap of $1.274 billion and a price-to-earnings ratio of 12.86.

Selective Insurance Group (NASDAQ:SIGI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.03. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts expect that Selective Insurance Group will post $1.76 EPS for the current fiscal year.

Selective Insurance Group, Inc, is a holding company for insurance subsidiaries, which offers property and casualty insurance products and services.

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