Selective Insurance Group (NASDAQ:SIGI) Director Paul D. Bauer sold 2,500 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $64.40, for a total value of $161,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:SIGI opened at $64.12 on Tuesday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.17 and a beta of 1.09. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.25. Selective Insurance Group has a 12 month low of $53.55 and a 12 month high of $67.17.

Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The company had revenue of $666.70 million during the quarter, compared to analyst estimates of $665.10 million. Selective Insurance Group had a return on equity of 11.62% and a net margin of 6.34%. Research analysts predict that Selective Insurance Group will post 3.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This is a positive change from Selective Insurance Group’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.25%. Selective Insurance Group’s dividend payout ratio is currently 25.72%.

Several research firms recently weighed in on SIGI. BidaskClub downgraded Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Boenning Scattergood reiterated a “hold” rating on shares of Selective Insurance Group in a research report on Thursday, August 2nd. Zacks Investment Research downgraded Selective Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. JMP Securities began coverage on Selective Insurance Group in a research report on Friday. They set a “market perform” rating on the stock. Finally, Credit Suisse Group increased their target price on Selective Insurance Group from $54.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.80.

Large investors have recently made changes to their positions in the business. FMR LLC acquired a new stake in Selective Insurance Group during the third quarter worth about $114,000. Paloma Partners Management Co acquired a new stake in Selective Insurance Group during the third quarter worth about $213,000. McQueen Ball & Associates Inc. acquired a new stake in Selective Insurance Group during the third quarter worth about $219,000. Private Advisor Group LLC acquired a new stake in Selective Insurance Group during the third quarter worth about $276,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Selective Insurance Group during the third quarter worth about $305,000. Institutional investors own 77.86% of the company’s stock.

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Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates in four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company's products and services include property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities.

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Insider Buying and Selling by Quarter for Selective Insurance Group (NASDAQ:SIGI)

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