Selective Insurance Group, Inc. (NASDAQ:SIGI) Director John Burville sold 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $58.76, for a total value of $58,760.00. Following the completion of the sale, the director now directly owns 82,898 shares of the company’s stock, valued at $4,871,086.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, November 13th, John Burville sold 2,000 shares of Selective Insurance Group stock. The shares were sold at an average price of $58.53, for a total value of $117,060.00.
  • On Tuesday, November 7th, John Burville sold 600 shares of Selective Insurance Group stock. The shares were sold at an average price of $59.10, for a total value of $35,460.00.

Selective Insurance Group, Inc. (NASDAQ:SIGI) traded down $0.25 on Wednesday, reaching $58.15. The company’s stock had a trading volume of 144,700 shares, compared to its average volume of 222,996. 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, Inc. has a 12-month low of $38.50 and a 12-month high of $60.50. The stock has a market cap of $3,410.06, a P/E ratio of 19.40, a PEG ratio of 1.55 and a beta of 1.46.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.18 per share. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a yield of 1.24%. Selective Insurance Group’s payout ratio is presently 21.26%.

COPYRIGHT VIOLATION NOTICE: “Selective Insurance Group, Inc. (SIGI) Director John Burville Sells 1,000 Shares of Stock” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/selective-insurance-group-inc-sigi-director-john-burville-sells-1000-shares-of-stock/1705531.html.

Several analysts have commented on the company. BidaskClub raised Selective Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised Selective Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Keefe, Bruyette & Woods set a $55.00 price objective on Selective Insurance Group and gave the company a “hold” rating in a research note on Sunday, October 29th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $50.00 price objective on shares of Selective Insurance Group in a research note on Tuesday, October 3rd. Finally, ValuEngine raised Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Selective Insurance Group has a consensus rating of “Hold” and a consensus price target of $49.91.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGI. LS Investment Advisors LLC increased its position in Selective Insurance Group by 5.1% during the 2nd quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock worth $109,000 after purchasing an additional 106 shares during the period. Public Employees Retirement System of Ohio increased its position in Selective Insurance Group by 0.9% during the 2nd 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 increased its position in Selective Insurance Group by 8.8% during the 2nd 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. increased its position in Selective Insurance Group by 41.3% during the 2nd 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 shares of Selective Insurance Group in the 2nd quarter worth approximately $199,000. Institutional investors own 76.46% 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.