Selective Insurance Group (NASDAQ:SIGI) declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Monday, May 15th will be paid a dividend of 0.16 per share by the insurance provider on Thursday, June 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 11th.
Shares of Selective Insurance Group (NASDAQ:SIGI) traded up 0.51% on Friday, hitting $49.70. The stock had a trading volume of 255,976 shares. The company has a market cap of $2.89 billion, a PE ratio of 17.02 and a beta of 1.29. The stock’s 50-day moving average price is $48.40 and its 200 day moving average price is $44.35. Selective Insurance Group has a 52 week low of $34.75 and a 52 week high of $53.75.
Selective Insurance Group (NASDAQ:SIGI) last announced its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. Selective Insurance Group had a return on equity of 10.55% and a net margin of 6.94%. The business had revenue of $600.50 million during the quarter, compared to analyst estimates of $608.40 million. During the same period in the prior year, the company earned $0.66 earnings per share. Selective Insurance Group’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Selective Insurance Group will post $3.10 EPS for the current year.
Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $48.00 price objective on shares of Selective Insurance Group in a report on Tuesday, May 2nd. Boenning Scattergood assumed coverage on Selective Insurance Group in a report on Thursday, March 2nd. They set a “neutral” rating and a $45.65 price objective for the company. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, April 13th. Finally, Sandler O’Neill started coverage on Selective Insurance Group in a report on Monday, January 23rd. They set a “hold” rating and a $44.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Selective Insurance Group has a consensus rating of “Hold” and a consensus target price of $45.93.
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In other news, Director Kelley Ronald L. O sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $45.37, for a total transaction of $90,740.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William M. Rue sold 12,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $52.24, for a total value of $626,880.00. Following the transaction, the director now directly owns 357,164 shares in the company, valued at $18,658,247.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,650 shares of company stock worth $792,778. Company insiders own 3.00% 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.
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