Selective Insurance Group (SIGI) EVP Michael H. Lanza Sells 8,204 Shares, Report finds

Selective Insurance Group (SIGI) EVP Michael H. Lanza Sells 8,204 Shares, Report finds

Selective Insurance Group (NASDAQ:SIGI) EVP Michael H. Lanza sold 8,204 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $43.10, for a total value of $353,592.40. Following the transaction, the executive vice president now owns 34,619 shares in the company, valued at $1,492,078.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down 1.49% during midday trading on Wednesday, hitting $43.05. 217,787 shares of the company were exchanged. The firm has a market cap of $2.50 billion, a P/E ratio of 15.94 and a beta of 1.29. The company’s 50 day moving average price is $42.67 and its 200 day moving average price is $40.44. Selective Insurance Group has a one year low of $31.35 and a one year high of $44.35.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.13. The company had revenue of $582.40 million for the quarter, compared to the consensus estimate of $500.43 million. Selective Insurance Group had a return on equity of 10.55% and a net margin of 6.94%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Equities analysts expect that Selective Insurance Group will post $2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, February 13th. Selective Insurance Group’s dividend payout ratio is currently 23.70%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Selective Insurance Group from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, December 28th. Royal Bank Of Canada cut Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price on the stock. in a research note on Friday, December 9th. Sandler O’Neill initiated coverage on Selective Insurance Group in a research note on Monday, January 23rd. They issued a “hold” rating and a $44.00 target price on the stock. Finally, RBC Capital Markets cut Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price on the stock. in a research note on Thursday, December 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Selective Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $43.20.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Selective Insurance Group by 5.6% in the fourth quarter. Comerica Bank now owns 61,519 shares of the company’s stock valued at $2,587,000 after buying an additional 3,283 shares in the last quarter. National Planning Corp boosted its stake in Selective Insurance Group by 0.9% in the fourth quarter. National Planning Corp now owns 46,808 shares of the company’s stock worth $1,957,000 after buying an additional 413 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Selective Insurance Group during the fourth quarter worth about $10,325,000. Phocas Financial Corp. boosted its stake in Selective Insurance Group by 6.6% in the third quarter. Phocas Financial Corp. now owns 134,609 shares of the company’s stock worth $5,366,000 after buying an additional 8,313 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Selective Insurance Group by 7.4% in the third quarter. Tributary Capital Management LLC now owns 355,896 shares of the company’s stock worth $14,186,000 after buying an additional 24,434 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.

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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Selective Insurance Group (SIGI) EVP Michael H. Lanza Sells 8,204 Shares

Selective Insurance Group (SIGI) EVP Michael H. Lanza Sells 8,204 Shares

Selective Insurance Group (NASDAQ:SIGI) EVP Michael H. Lanza sold 8,204 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $43.10, for a total value of $353,592.40. Following the transaction, the executive vice president now owns 34,619 shares in the company, valued at $1,492,078.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Selective Insurance Group (NASDAQ:SIGI) traded down 1.49% during midday trading on Wednesday, hitting $43.05. 217,787 shares of the company were exchanged. The firm has a market cap of $2.50 billion, a P/E ratio of 15.94 and a beta of 1.29. The company’s 50 day moving average price is $42.67 and its 200 day moving average price is $40.44. Selective Insurance Group has a one year low of $31.35 and a one year high of $44.35.

Selective Insurance Group (NASDAQ:SIGI) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.13. The company had revenue of $582.40 million for the quarter, compared to the consensus estimate of $500.43 million. Selective Insurance Group had a return on equity of 10.55% and a net margin of 6.94%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Equities analysts expect that Selective Insurance Group will post $2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, February 13th. Selective Insurance Group’s dividend payout ratio is currently 23.70%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Selective Insurance Group from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, December 28th. Royal Bank Of Canada cut Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price on the stock. in a research note on Friday, December 9th. Sandler O’Neill initiated coverage on Selective Insurance Group in a research note on Monday, January 23rd. They issued a “hold” rating and a $44.00 target price on the stock. Finally, RBC Capital Markets cut Selective Insurance Group from an “outperform” rating to a “sector perform” rating and set a $41.00 target price on the stock. in a research note on Thursday, December 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Selective Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $43.20.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Selective Insurance Group by 5.6% in the fourth quarter. Comerica Bank now owns 61,519 shares of the company’s stock valued at $2,587,000 after buying an additional 3,283 shares in the last quarter. National Planning Corp boosted its stake in Selective Insurance Group by 0.9% in the fourth quarter. National Planning Corp now owns 46,808 shares of the company’s stock worth $1,957,000 after buying an additional 413 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Selective Insurance Group during the fourth quarter worth about $10,325,000. Phocas Financial Corp. boosted its stake in Selective Insurance Group by 6.6% in the third quarter. Phocas Financial Corp. now owns 134,609 shares of the company’s stock worth $5,366,000 after buying an additional 8,313 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Selective Insurance Group by 7.4% in the third quarter. Tributary Capital Management LLC now owns 355,896 shares of the company’s stock worth $14,186,000 after buying an additional 24,434 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.

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.

Related posts

Leave a Comment