Selective Insurance Group, Inc. (NASDAQ:SIGI) Director John Burville sold 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $59.00, for a total transaction of $354,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

John Burville also recently made the following trade(s):

  • On Thursday, November 16th, John Burville sold 5,000 shares of Selective Insurance Group stock. The stock was sold at an average price of $58.68, for a total transaction of $293,400.00.
  • On Monday, November 13th, John Burville sold 2,000 shares of Selective Insurance Group stock. The stock was sold at an average price of $58.53, for a total transaction of $117,060.00.
  • On Friday, November 10th, John Burville sold 1,000 shares of Selective Insurance Group stock. The stock was sold at an average price of $58.76, for a total transaction of $58,760.00.
  • On Tuesday, November 7th, John Burville sold 600 shares of Selective Insurance Group stock. The stock was sold at an average price of $59.10, for a total transaction of $35,460.00.

Selective Insurance Group, Inc. (SIGI) opened at $59.85 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3,459.69, a PE ratio of 19.68, a PEG ratio of 1.58 and a beta of 1.46. Selective Insurance Group, Inc. has a twelve month low of $38.50 and a twelve month high of $60.50.

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 Zacks’ consensus estimate of $0.62 by $0.10. The business had revenue of $621.30 million during the quarter, compared to the consensus estimate of $625.80 million. Selective Insurance Group had a net margin of 7.36% and a return on equity of 11.00%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. analysts forecast that Selective Insurance Group, Inc. will post 3.08 earnings per share for the current fiscal year.

The business 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, November 14th. This is an increase from Selective Insurance Group’s previous quarterly dividend of $0.16. Selective Insurance Group’s dividend payout ratio (DPR) is currently 23.92%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/john-burville-sells-6000-shares-of-selective-insurance-group-inc-sigi-stock/1719203.html.

A number of equities analysts have commented on SIGI shares. BidaskClub downgraded shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. ValuEngine downgraded shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price objective on shares of Selective Insurance Group in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.91.

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Selective Insurance Group by 2.9% in the 2nd quarter. Principal Financial Group Inc. now owns 492,042 shares of the insurance provider’s stock valued at $24,626,000 after purchasing an additional 13,956 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Selective Insurance Group by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 130,125 shares of the insurance provider’s stock valued at $6,518,000 after purchasing an additional 7,919 shares in the last quarter. Tributary Capital Management LLC increased its holdings in shares of Selective Insurance Group by 11.9% in the 2nd quarter. Tributary Capital Management LLC now owns 531,801 shares of the insurance provider’s stock valued at $26,617,000 after purchasing an additional 56,446 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Selective Insurance Group in the 3rd quarter valued at about $539,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Selective Insurance Group by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 321,363 shares of the insurance provider’s stock valued at $16,085,000 after purchasing an additional 10,550 shares in the last quarter. Institutional investors and hedge funds own 76.19% of the company’s stock.

About Selective Insurance Group

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)

Receive News & Ratings for Selective Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Selective Insurance Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.