Selective Insurance Group EVP Kimberly J. Burnett Unloads 2,498 Shares (SIGI)
Selective Insurance Group (NASDAQ:SIGI) EVP Kimberly J. Burnett sold 2,498 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.23, for a total transaction of $60,526.54. Following the completion of the transaction, the executive vice president now directly owns 27,049 shares of the company’s stock, valued at approximately $655,397. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up 0.66% during mid-day trading on Tuesday, hitting $24.27. The stock had a trading volume of 101,169 shares. Selective Insurance Group has a 52 week low of $21.38 and a 52 week high of $28.31. The stock has a 50-day moving average of $23.76 and a 200-day moving average of $23.42. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 13.11.
Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, July 30th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.03. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts predict that Selective Insurance Group will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, August 13th.
Separately, analysts at RBC Capital upgraded shares of Selective Insurance Group from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $27.00 price target on the stock, up previously from $26.00.
Selective Insurance Group, Inc, is a holding company for insurance subsidiaries, which offers property and casualty insurance products and services.
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