Selective Insurance Group (NASDAQ:SIGI) Director Paul D. Bauer sold 28,840 shares of Selective Insurance Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $61.14, for a total transaction of $1,763,277.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Selective Insurance Group (SIGI) traded down $0.20 on Friday, hitting $61.00. 130,174 shares of the stock traded hands, compared to its average volume of 220,645. Selective Insurance Group has a 52 week low of $38.50 and a 52 week high of $62.40. The firm has a market capitalization of $3,529.76, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.18 per share. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. Selective Insurance Group’s payout ratio is 23.92%.

SIGI has been the subject of a number of research reports. ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Selective Insurance Group in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $48.00 price target on shares of Selective Insurance Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, BidaskClub raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.91.

Institutional investors and hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its holdings in shares of Selective Insurance Group by 5.1% during the second quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock valued at $109,000 after acquiring an additional 106 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Selective Insurance Group by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock worth $123,000 after purchasing an additional 23 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Selective Insurance Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 204 shares during the period. Advisor Group Inc. lifted its holdings in Selective Insurance Group by 41.3% in the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 1,061 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Selective Insurance Group in the second quarter worth about $199,000. 77.86% of the stock is owned by institutional investors.

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Selective Insurance Group Company Profile

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.

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

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