Selective Insurance Group, Inc. (NASDAQ:SIGI) Director John Burville sold 5,000 shares of Selective Insurance Group stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $58.68, for a total transaction of $293,400.00. Following the completion of the transaction, the director now directly owns 79,898 shares in the company, valued at $4,688,414.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 transaction of $117,060.00.
  • On Friday, November 10th, John Burville sold 1,000 shares of Selective Insurance Group stock. The shares were 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. (NASDAQ SIGI) opened at $58.90 on Friday. Selective Insurance Group, Inc. has a one year low of $38.50 and a one year high of $60.50. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The company has a market cap of $3,440.00, a PE ratio of 19.32, a PEG ratio of 1.55 and a beta of 1.46.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, November 14th. Selective Insurance Group’s dividend payout ratio is 23.92%.

COPYRIGHT VIOLATION WARNING: “John Burville Sells 5,000 Shares of Selective Insurance Group, Inc. (SIGI) Stock” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/11/18/john-burville-sells-5000-shares-of-selective-insurance-group-inc-sigi-stock.html.

A number of equities analysts have recently weighed in on SIGI shares. Zacks Investment Research raised shares of Selective Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. ValuEngine raised shares of Selective Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research report on Friday, October 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $55.00 price objective on shares of Selective Insurance Group in a research report on Friday, October 27th. Finally, BidaskClub lowered shares of Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.91.

Several institutional investors have recently added to or reduced their stakes in SIGI. LS Investment Advisors LLC boosted its stake in shares of 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 valued at $109,000 after buying an additional 106 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Selective Insurance Group by 0.9% during the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Selective Insurance Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock valued at $126,000 after buying an additional 204 shares during the last quarter. Advisor Group Inc. lifted its stake in Selective Insurance Group by 41.3% in the second quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock valued at $182,000 after buying an additional 1,061 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Selective Insurance Group in the second quarter valued at $199,000. Institutional investors own 76.46% of the company’s stock.

Selective Insurance Group Company Profile

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 MarketBeat.com's FREE daily email newsletter.