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Selective Insurance Group (NASDAQ:SIGI) EVP Kimberly J. Burnett sold 2,498 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.23, for a total transaction of $60,526.54. Following the transaction, the executive vice president now directly owns 27,049 shares of the company’s stock, valued at approximately $655,397. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded up 0.86% on Thursday, hitting $24.065. 19,804 shares of the company’s stock traded hands. Selective Insurance Group has a 1-year low of $21.38 and a 1-year high of $28.31. The stock has a 50-day moving average of $23.7 and a 200-day moving average of $23.42. The company has a market cap of $1.357 billion and a price-to-earnings ratio of 12.97.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data 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. Analysts expect that Selective Insurance Group will post $1.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, August 13th.

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

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