Selective Insurance Group, Inc. (NASDAQ:SIGI) Director Paul D. Bauer sold 1,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.06, for a total value of $51,060.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Selective Insurance Group, Inc. (SIGI) opened at 51.50 on Monday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 17.94 and a beta of 1.44. Selective Insurance Group, Inc. has a 52-week low of $34.95 and a 52-week high of $53.75. The company has a 50-day moving average price of $50.74 and a 200-day moving average price of $47.82.

Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, July 26th. The insurance provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Selective Insurance Group had a return on equity of 10.82% and a net margin of 7.13%. The company had revenue of $614.50 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the firm posted $0.74 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Selective Insurance Group, Inc. will post $3.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, August 11th. Selective Insurance Group’s dividend payout ratio (DPR) is 22.22%.

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A number of large investors have recently added to or reduced their stakes in SIGI. BlackRock Inc. increased its stake in Selective Insurance Group by 54,172.3% in the first quarter. BlackRock Inc. now owns 7,425,534 shares of the insurance provider’s stock valued at $350,112,000 after buying an additional 7,411,852 shares during the period. Vanguard Group Inc. increased its stake in Selective Insurance Group by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,215,069 shares of the insurance provider’s stock valued at $245,891,000 after buying an additional 317,023 shares during the period. Goldman Sachs Group Inc. increased its stake in Selective Insurance Group by 269.0% in the first quarter. Goldman Sachs Group Inc. now owns 432,294 shares of the insurance provider’s stock valued at $20,383,000 after buying an additional 315,138 shares during the period. Alliancebernstein L.P. increased its stake in Selective Insurance Group by 21.3% in the first quarter. Alliancebernstein L.P. now owns 1,724,868 shares of the insurance provider’s stock valued at $81,328,000 after buying an additional 302,566 shares during the period. Finally, Bank of America Corp DE increased its stake in Selective Insurance Group by 19.6% in the first quarter. Bank of America Corp DE now owns 845,897 shares of the insurance provider’s stock valued at $39,884,000 after buying an additional 138,779 shares during the period. 77.58% of the stock is currently owned by institutional investors and hedge funds.

SIGI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Selective Insurance Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, April 13th. ValuEngine lowered Selective Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 target price on shares of Selective Insurance Group in a research report on Wednesday, July 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.73.

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)

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