November 28, 2016 - By Richard Conner
Based on an average market stock price per share of $42.3, Michael Morrissey, the Selective Insurance Group Inc’s director unloaded 2,364 shares of Selective Insurance Group Inc worth roughly $99,991 US Dollars. he now has ownership of 0.03% of the total market capitalization of Selective Insurance Group Inc. The date of sale was November 28, 2016, and it was unveiled in a SEC-filed document, which you can see here.
Out of 2 analysts covering Selective Insurance (NASDAQ:SIGI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $40 is the highest target while $34 is the lowest. The $39.25 average target is -6.95% below today’s ($42.18) stock price. Selective Insurance has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wood reinitiated Selective Insurance Group (NASDAQ:SIGI) rating on Wednesday, May 4. Wood has “Market Perform” rating and $38.50 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 31.
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.01, from 0.82 in 2016Q1. The ratio fall, as 14 funds sold all Selective Insurance Group shares owned while 81 reduced positions. 16 funds bought stakes while 62 increased positions. They now own 42.44 million shares or 8.31% less from 46.29 million shares in 2016Q1.
Signaturefd Lc has 0% invested in the company for 202 shares. Employees Retirement Association Of Colorado accumulated 0.01% or 17,121 shares. Great West Life Assurance Co Can holds 5,950 shares or 0% of its portfolio. Zacks Management owns 50,805 shares or 0.06% of their US portfolio. Vident Invest Advisory Ltd Liability last reported 51,625 shares in the company. Loomis Sayles And Limited Partnership accumulated 316 shares or 0% of the stock. Affinity Advsrs Limited Liability Corp, a California-based fund reported 8,164 shares. Smith Asset Mgmt Grp Incorporated Lp last reported 791 shares in the company. Ls Investment Advsr Ltd accumulated 0.01% or 2,090 shares. Security Natl Trust holds 1,350 shares or 0.02% of its portfolio. Allianz Asset Mgmt Ag, a Germany-based fund reported 135,494 shares. Vanguard Group Inc Inc holds 4.33 million shares or 0.01% of its portfolio. National Planning accumulated 0.14% or 46,415 shares. Aqr Mngmt Ltd Liability Company has invested 0.01% of its portfolio in Selective Insurance Group (NASDAQ:SIGI). Visium Asset Mngmt Ltd Partnership has invested 0.09% of its portfolio in Selective Insurance Group (NASDAQ:SIGI).
Insider Transactions: Since June 1, 2016, the stock had 1 insider buy, and 16 selling transactions for $6.84 million net activity. Another trade for 17,107 shares valued at $691,391 was sold by Marchioni John J.. 8,333 shares with value of $329,115 were sold by MURPHY GREGORY E on Thursday, September 15. 6,400 shares were sold by BROWN A DAVID, worth $251,102. 1,500 shares with value of $55,500 were sold by BAUER PAUL D on Wednesday, June 1. On Tuesday, June 7 the insider O KELLEY RONALD L sold $123,681. $107,996 worth of shares were bought by DOHERTY ROBERT KELLY on Wednesday, November 9. THATCHER DALE A sold 30,000 shares worth $1.18 million.
About 220,798 shares traded hands. Selective Insurance Group (NASDAQ:SIGI) has risen 23.14% since April 25, 2016 and is uptrending. It has outperformed by 17.13% the S&P500.
Selective Insurance Group, Inc. is a holding firm with insurance subsidiaries. The company has a market cap of $2.44 billion. The Firm operates its business through four divisions: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. It has a 14.96 P/E ratio. The Company’s Standard Commercial Lines segment consists of insurance services and products provided in the standard marketplace to its commercial customers, including businesses and local government agencies.
According to Zacks Investment Research, “Selective Insurance Group, Inc. is a regional insurance holding company which, through its insurance subsidiaries, offers a broad range of property and casualty insurance products. Selective’s commercial insurance products are directed to small- to medium-sized service-oriented businesses, governmental entities and selected classes of light industry. They also offer personal insurance products to individuals and families.”
Analysts await Selective Insurance Group (NASDAQ:SIGI) to report earnings on February, 2. They expect $0.75 EPS, down 7.41% or $0.06 from last year’s $0.81 per share. SIGI’s profit will be $43.39 million for 14.06 P/E if the $0.75 EPS becomes a reality. After $0.62 actual EPS reported by Selective Insurance Group for the previous quarter, Wall Street now forecasts 20.97% EPS growth.
More notable recent Selective Insurance Group (NASDAQ:SIGI) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: TCF Financial, Selective Insurance Group and PacWest Bancorp” on November 08, 2016, also Prnewswire.com with their article: “Selective Insurance Names Mark Wilcox Chief Financial Officer” published on October 31, 2016, Insurancejournal.com published: “New Jersey’s Selective Insurance Group Hires Wilcox to Succeed CFO” on November 01, 2016. More interesting news about Selective Insurance Group (NASDAQ:SIGI) were released by: Prnewswire.com and their article: “Selective Insurance Announces Dale Thatcher’s Plans to Retire as Chief ..” published on March 07, 2016 as well as Nasdaq.com‘s news article titled: “Selective Insurance Group Breaks Below 200-Day Moving Average – Notable for SIGI” with publication date: October 27, 2016.
Selective Insurance Group, Inc., incorporated in August 1977, is a holding firm with insurance subsidiaries. The Firm has 10 insurance subsidiaries, nine of which are licensed by various state departments of insurance to write specific lines of property and casualty insurance business in the standard market. 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. The Firm operates its business through four divisions: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Company’s Standard Commercial Lines segment consists of insurance services and products provided in the standard marketplace to its commercial customers, including businesses, non-profit organizations, and local government agencies. The Company’s Standard Personal Lines segment consists of insurance services and products, including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP), provided primarily to individuals acquiring coverage in the standard marketplace. The Company’s E&S Lines segment consists of insurance services and products provided to clients who have not obtained coverage in the standard marketplace. It only writes commercial lines E&S coverages. The Company’s investment segment invests insurance premiums, as well as amounts generated through its capital management strategies, which includes the issuance of debt and equity securities, to generate investment income and to satisfy obligations to its customers, its shareholders, and its debt holders, among others.
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