A Director at Selective Insurance Group (NASDAQ: SIGI) is Buying Shares

By Carrie Williams

Today, a Director at Selective Insurance Group (NASDAQ: SIGI), DOHERTY ROBERT KELLY, bought shares of SIGI for $108K.

Following this transaction DOHERTY ROBERT KELLY’s holding in the company was increased by 23.64% to a total of $366.5K. In addition to DOHERTY ROBERT KELLY, 8 other SIGI executives reported Buy trades in the last month.

Based on Selective Insurance Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $582 million and quarterly net profit of $38.5 million. In comparison, last year the company earned revenue of $542 million and had a net profit of $47 million. The company has a one year high of $41.30 and a one year low of $29.27. SIGI’s market cap is $2.12B and the company has a P/E ratio of 13.04.

Three different firms, including Merrill Lynch and KBW, currently also have a Buy rating on the stock.

The insider sentiment on Selective Insurance Group has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Selective Insurance Group, Inc. is a holding company for ten property and casualty insurance companies. It offers standard and specialty insurance for commercial and personal risks; flood insurance underwritten; and insurance and alternative risk management services through independent agents. The company operates its business through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies. The Standard Personal Lines segment offers insurance products and services, including flood insurance coverage. The E&S Lines segment includes insurance products and services provided to customers who are not obtained coverage in the standard marketplace. The Investments segment invests the premiums collected by various segments; and engages in the issuance of debt and equity securities. Selective Insurance Group was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.