Paul D. Bauer Sells 28,840 Shares of Selective Insurance Group (SIGI) Stock

Selective Insurance Group (NASDAQ:SIGI) Director Paul D. Bauer sold 28,840 shares of Selective Insurance Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $61.14, for a total value of $1,763,277.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Selective Insurance Group (SIGI) opened at $61.00 on Friday. The company has a market capitalization of $3,573.55, a P/E ratio of 20.33, a PEG ratio of 1.63 and a beta of 1.45. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. Selective Insurance Group has a 1-year low of $38.50 and a 1-year high of $62.40.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.18 dividend. This is a boost from Selective Insurance Group’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. Selective Insurance Group’s payout ratio is 23.92%.

Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its holdings in shares of Selective Insurance Group by 5.1% in the 2nd quarter. LS Investment Advisors LLC now owns 2,180 shares of the insurance provider’s stock worth $109,000 after purchasing an additional 106 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Selective Insurance Group by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock worth $123,000 after acquiring an additional 23 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Selective Insurance Group by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,526 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 204 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Selective Insurance Group by 41.3% during the 2nd quarter. Advisor Group Inc. now owns 3,633 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Selective Insurance Group during the 2nd quarter worth approximately $199,000. Hedge funds and other institutional investors own 77.86% of the company’s stock.

Several equities analysts have weighed in on SIGI shares. BidaskClub upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods set a $55.00 price target on Selective Insurance Group and gave the company a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research upgraded Selective Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price target on shares of Selective Insurance Group in a report on Tuesday, October 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Selective Insurance Group in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $49.91.

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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.

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