Insider Selling: Selective Insurance Group Inc. (SIGI) CEO Sells $329,153.50 in Stock
Selective Insurance Group Inc. (NASDAQ:SIGI) CEO Gregory E. Murphy sold 8,333 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $39.50, for a total transaction of $329,153.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Gregory E. Murphy also recently made the following trade(s):
- On Friday, July 15th, Gregory E. Murphy sold 8,334 shares of Selective Insurance Group stock. The shares were sold at an average price of $39.42, for a total transaction of $328,526.28.
Selective Insurance Group Inc. (NASDAQ:SIGI) opened at 39.29 on Wednesday. The firm has a market cap of $2.27 billion, a PE ratio of 13.28 and a beta of 1.40. Selective Insurance Group Inc. has a 52 week low of $29.27 and a 52 week high of $41.30. The stock has a 50 day moving average of $39.37 and a 200 day moving average of $37.22.
Selective Insurance Group (NASDAQ:SIGI) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.13. Selective Insurance Group had a net margin of 7.84% and a return on equity of 12.11%. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $569.77 million. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts anticipate that Selective Insurance Group Inc. will post $2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Selective Insurance Group’s dividend payout ratio is presently 20.27%.
Several large investors have recently modified their holdings of the stock. Advisor Group Inc. purchased a new stake in shares of Selective Insurance Group during the second quarter valued at approximately $107,000. Victory Capital Management Inc. increased its stake in shares of Selective Insurance Group by 77.4% in the second quarter. Victory Capital Management Inc. now owns 3,097 shares of the company’s stock valued at $118,000 after buying an additional 1,351 shares in the last quarter. BlackRock Inc. increased its stake in shares of Selective Insurance Group by 112.7% in the first quarter. BlackRock Inc. now owns 3,815 shares of the company’s stock valued at $140,000 after buying an additional 2,021 shares in the last quarter. Societe Generale purchased a new stake in shares of Selective Insurance Group during the second quarter valued at approximately $180,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Selective Insurance Group during the second quarter valued at approximately $180,000. Institutional investors own 76.74% of the company’s stock.
Separately, Keefe, Bruyette & Woods set a $41.00 price objective on shares of Selective Insurance Group and gave the stock a “hold” rating in a research note on Monday, August 1st.
Selective Insurance Group Company Profile
Selective Insurance Group, Inc is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies.
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