Selective Insurance Group Inc. (NASDAQ:SIGI) CEO Gregory E. Murphy sold 8,333 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $39.50, for a total transaction of $329,153.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $39.42, for a total transaction of $328,526.28.

Selective Insurance Group Inc. (NASDAQ:SIGI) opened at 39.35 on Tuesday. Selective Insurance Group Inc. has a 1-year low of $29.27 and a 1-year high of $41.30. The company’s 50 day moving average is $39.36 and its 200 day moving average is $37.19. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.40.

Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. The business had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $569.77 million. Selective Insurance Group had a net margin of 7.84% and a return on equity of 12.11%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. Equities research analysts forecast that Selective Insurance Group Inc. will post $2.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Selective Insurance Group’s payout ratio is 20.27%.

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.

Several institutional investors have recently made changes to their positions in SIGI. Norges Bank purchased a new position in shares of Selective Insurance Group during the fourth quarter valued at about $24,323,000. Glenmede Trust Co. NA boosted its position in shares of Selective Insurance Group by 2,464.8% in the first quarter. Glenmede Trust Co. NA now owns 14,337 shares of the company’s stock valued at $524,000 after buying an additional 13,778 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of Selective Insurance Group by 0.5% in the first quarter. Malaga Cove Capital LLC now owns 94,470 shares of the company’s stock valued at $3,459,000 after buying an additional 493 shares in the last quarter. Sii Investments Inc. WI boosted its position in shares of Selective Insurance Group by 4.1% in the first quarter. Sii Investments Inc. WI now owns 11,824 shares of the company’s stock valued at $430,000 after buying an additional 465 shares in the last quarter. Finally, Commonwealth Equity Services Inc boosted its position in shares of Selective Insurance Group by 7.0% in the first quarter. Commonwealth Equity Services Inc now owns 10,952 shares of the company’s stock valued at $401,000 after buying an additional 712 shares in the last quarter. 77.03% of the stock is currently owned by institutional investors and hedge funds.

About Selective Insurance Group

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.

5 Day Chart for NASDAQ:SIGI

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