Selective Insurance Group Inc. (NASDAQ:SIGI) CEO Gregory E. Murphy sold 8,333 shares of the stock in a transaction on Monday, October 17th. The shares were sold at an average price of $40.39, for a total value of $336,569.87. Following the completion of the transaction, the chief executive officer now directly owns 235,699 shares in the company, valued at approximately $9,519,882.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gregory E. Murphy also recently made the following trade(s):
- On Thursday, September 15th, Gregory E. Murphy sold 8,333 shares of Selective Insurance Group stock. The shares were sold at an average price of $39.50, for a total value of $329,153.50.
Selective Insurance Group Inc. (NASDAQ:SIGI) opened at 40.15 on Wednesday. The company has a market capitalization of $2.32 billion, a PE ratio of 13.57 and a beta of 1.33. The stock’s 50 day moving average price is $39.87 and its 200-day moving average price is $37.84. Selective Insurance Group Inc. has a 52 week low of $29.27 and a 52 week high of $41.30.
Selective Insurance Group (NASDAQ:SIGI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. Selective Insurance Group had a net margin of 7.84% and a return on equity of 12.11%. The company had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $569.77 million. During the same quarter in the previous year, the company earned $0.62 EPS. Selective Insurance Group’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts predict that Selective Insurance Group Inc. will post $2.75 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. purchased a new position in Selective Insurance Group during the second quarter worth $204,000. Bank of Montreal Can purchased a new position in Selective Insurance Group during the second quarter worth $4,936,000. State Street Corp boosted its position in Selective Insurance Group by 2.6% in the first quarter. State Street Corp now owns 1,121,344 shares of the company’s stock worth $41,051,000 after buying an additional 28,934 shares during the period. Teachers Advisors Inc. boosted its position in Selective Insurance Group by 1.4% in the first quarter. Teachers Advisors Inc. now owns 442,383 shares of the company’s stock worth $16,196,000 after buying an additional 6,211 shares during the period. Finally, Genesee Valley Trust Co. boosted its position in Selective Insurance Group by 5.8% in the second quarter. Genesee Valley Trust Co. now owns 10,700 shares of the company’s stock worth $409,000 after buying an additional 585 shares during the period. Institutional investors own 76.71% of the company’s stock.
A number of research analysts have recently issued reports on SIGI shares. Zacks Investment Research raised Selective Insurance Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Saturday. Keefe, Bruyette & Woods set a $41.00 price objective on Selective Insurance Group and gave the company a “hold” rating in a research note on Monday, August 1st.
About Selective Insurance Group
Selective Insurance Group, Inc is a holding company with insurance subsidiaries. The Company operates its business through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. Its Standard Commercial Lines segment consists of insurance products and services provided in the standard marketplace to its commercial customers, including businesses and local government agencies.
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