Selective Insurance Group Inc. (NASDAQ:SIGI)’s share price was down 2.4% on Friday . The stock traded as low as $39.09 and last traded at $39.17, with a volume of 189,588 shares trading hands. The stock had previously closed at $40.12.

Several equities analysts recently weighed in on SIGI shares. Zacks Investment Research cut shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Keefe, Bruyette & Woods started coverage on shares of Selective Insurance Group in a research report on Wednesday, May 4th. They issued a “market perform” rating and a $38.50 price target on the stock.

The firm’s 50-day moving average is $38.13 and its 200 day moving average is $35.36. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 13.24.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.59 by $0.13. During the same period last year, the company posted $0.62 earnings per share. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $569.77 million. The business’s revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Selective Insurance Group Inc. will post $2.70 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, August 11th.

In other news, CEO Gregory E. Murphy sold 40,000 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $35.07, for a total transaction of $1,402,800.00. Following the completion of the transaction, the chief executive officer now directly owns 361,807 shares of the company’s stock, valued at $12,688,571.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dale A. Thatcher sold 12,953 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $35.76, for a total transaction of $463,199.28. Following the transaction, the chief financial officer now directly owns 126,284 shares of the company’s stock, valued at $4,515,915.84. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Eagle Asset Management boosted its position in shares of Selective Insurance Group by 14.2% in the third quarter. Eagle Asset Management now owns 155,976 shares of the company’s stock valued at $4,844,000 after buying an additional 19,386 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Selective Insurance Group by 2.7% in the fourth quarter. Rhumbline Advisers now owns 99,500 shares of the company’s stock valued at $3,341,000 after buying an additional 2,585 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Selective Insurance Group by 3.9% in the fourth quarter. TD Asset Management Inc. now owns 35,000 shares of the company’s stock valued at $1,175,000 after buying an additional 1,300 shares in the last quarter. Comerica Bank boosted its position in shares of Selective Insurance Group by 1.1% in the fourth quarter. Comerica Bank now owns 58,450 shares of the company’s stock valued at $1,813,000 after buying an additional 629 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Selective Insurance Group by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 87,437 shares of the company’s stock valued at $2,936,000 after buying an additional 3,662 shares in the last quarter.

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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