Selective Insurance Group, Inc. (NASDAQ:SIGI - Get Free Report) CAO Anthony D. Harnett sold 1,352 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $87.06, for a total value of $117,705.12. Following the transaction, the chief accounting officer now owns 15,946 shares of the company's stock, valued at $1,388,258.76. This trade represents a 7.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Selective Insurance Group Stock Performance
Selective Insurance Group stock opened at $87.57 on Friday. Selective Insurance Group, Inc. has a 12-month low of $78.13 and a 12-month high of $103.60. The stock has a 50-day simple moving average of $86.97 and a 200 day simple moving average of $91.33. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 27.20 and a beta of 0.45.
Selective Insurance Group (NASDAQ:SIGI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The insurance provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.13). Selective Insurance Group had a return on equity of 7.33% and a net margin of 4.26%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, research analysts anticipate that Selective Insurance Group, Inc. will post 7.62 earnings per share for the current fiscal year.
Selective Insurance Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.74%. Selective Insurance Group's payout ratio is 41.42%.
Institutional Investors Weigh In On Selective Insurance Group
Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Selective Insurance Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 116 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Selective Insurance Group by 0.7% in the 4th quarter. Arizona State Retirement System now owns 17,628 shares of the insurance provider's stock valued at $1,649,000 after purchasing an additional 123 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Selective Insurance Group by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,061 shares of the insurance provider's stock worth $847,000 after buying an additional 137 shares during the period. Caprock Group LLC raised its stake in shares of Selective Insurance Group by 3.8% during the fourth quarter. Caprock Group LLC now owns 3,950 shares of the insurance provider's stock worth $369,000 after buying an additional 145 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Selective Insurance Group by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,117 shares of the insurance provider's stock valued at $651,000 after buying an additional 185 shares during the period. Institutional investors own 82.88% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on SIGI. Morgan Stanley dropped their price objective on Selective Insurance Group from $95.00 to $87.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. JMP Securities restated a "market perform" rating on shares of Selective Insurance Group in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $93.00 price objective (down previously from $116.00) on shares of Selective Insurance Group in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Selective Insurance Group currently has a consensus rating of "Hold" and a consensus price target of $95.17.
Get Our Latest Stock Report on SIGI
About Selective Insurance Group
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Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.
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