Dividend Worth Mentioning: Selective Insurance Group, Inc. (NASDAQ:SIGI) dividends of $0.16 are projected for the near future; this is why.

Dividend Worth Mentioning: Selective Insurance Group, Inc. (NASDAQ:SIGI) dividends of $0.16 are projected for the near future; this is why.

Selective Insurance Group, Inc. (NASDAQ:SIGI) is expected to pay $0.16 on Dec 1, 2016. The indicated annual dividend is $0.64. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Selective Insurance Group, Inc.’s current price of $36.65, the dividend is 0.44%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 27, 2016. The stock increased 1.66% or $0.6 during the last trading session, hitting $36.65. Selective Insurance Group (NASDAQ:SIGI) has risen 4.39% since April 7, 2016 and is uptrending. It has underperformed by 0.40% the S&P500.

Selective Insurance Group, Inc. is a holding firm with insurance subsidiaries. The company has a market cap of $2.14 billion. The Firm operates its business through four divisions: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. It has a 13.09 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.

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.42, from 1.24 in 2016Q1. The ratio is negative, 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.
Peapack Gladstone Financial Corporation accumulated 0% or 11,000 shares. Tompkins Financial Corp last reported 1,438 shares in the company. First Citizens Bancorp has invested 0.06% of its portfolio in Selective Insurance Group (NASDAQ:SIGI). North Star Invest Mgmt holds 0% or 420 shares in its portfolio. Natl Planning owns 46,415 shares or 0.14% of their US portfolio. Arizona State Retirement Systems last reported 29,935 shares in the company. Moreover, Morgan Stanley has 0% invested in Selective Insurance Group (NASDAQ:SIGI) for 118,807 shares. Old Mutual Customised Solutions (Proprietary) last reported 4,500 shares in the company. Voya Mgmt Limited Co holds 0.05% or 524,545 shares in its portfolio. Ftb Advisors Incorporated last reported 0.01% of its portfolio in the stock. Frontier Mgmt Communication Ltd accumulated 0.44% or 1.39 million shares. Systematic Fin Management Limited Partnership holds 0.37% of its portfolio in Selective Insurance Group (NASDAQ:SIGI) for 714,019 shares. Creative Planning accumulated 0% or 11,809 shares. Matarin Limited Liability holds 0% of its portfolio in Selective Insurance Group (NASDAQ:SIGI) for 129,334 shares. Loomis Sayles And Ltd Partnership has invested 0% of its portfolio in Selective Insurance Group (NASDAQ:SIGI).

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 16 sales for $6.35 million net activity. 3,332 shares were sold by O KELLEY RONALD L, worth $123,681. $309,707 worth of Selective Insurance Group (NASDAQ:SIGI) was sold by MURPHY GREGORY E. BROWN A DAVID also sold $251,102 worth of Selective Insurance Group (NASDAQ:SIGI) on Thursday, August 11. THATCHER DALE A sold $370,435 worth of stock or 10,000 shares. BAUER PAUL D had sold 1,500 shares worth $55,500. RUE WILLIAM M had sold 25,000 shares worth $960,250 on Thursday, August 18.

Selective Insurance Group (NASDAQ:SIGI) Ratings Coverage

Out of 2 analysts covering Selective Insurance (NASDAQ:SIGI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Selective Insurance has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, May 4 by Wood. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 30.

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 Insurancejournal.com with their article: “New Jersey’s Selective Insurance Group Hires Wilcox to Succeed CFO” published on November 01, 2016, Blogs.Wsj.com published: “CFO Moves: Selective Insurance, Nature’s Sunshine, Exterran” on November 01, 2016. More interesting news about Selective Insurance Group (NASDAQ:SIGI) were released by: Seekingalpha.com and their article: “Selective Insurance Group’s (SIGI) CEO Greg Murphy on Q3 2016 Results …” published on October 30, 2016 as well as Prnewswire.com‘s news article titled: “Selective Insurance Announces Dale Thatcher’s Plans to Retire as Chief …” with publication date: March 07, 2016.

SIGI Company Profile

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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