Selective Insurance Group Inc (SIGI) Files Form 4 Insider Selling : Gregory E Murphy Sells 40,000 Shares

Selective Insurance Group Inc (SIGI): Gregory E Murphy , Chairman & CEO of Selective Insurance Group Inc sold 40,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $35.07 per share for a total value of $1,402,872.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 18, 2016, Paul D Bauer (director) sold 5,000 shares at $33.92 per share price.On Feb 18, 2016, J Brian Thebault (director) sold 3,438 shares at $33.59 per share price.Also, On Feb 8, 2016, Michael H Lanza (EVP and General Counsel) sold 25,637 shares at $32.99 per share price.On Feb 8, 2016, Gregory E Murphy (Chairman & CEO) sold 4,600 shares at $32.54 per share price.

Selective Insurance Group: On Friday, May 6, 2016 heightened volatility was witnessed in Selective Insurance Group which led to swings in the share price. The shares opened for trading at $35.34 and hit $35.56 on the upside , eventually ending the session at $35.56, with a gain of 0.42% or 0.15 points. The heightened volatility saw the trading volume jump to 3,07,380 shares. The 52-week high of the share price is $37.905 and the company has a market cap of $2,050 M . The 52-week low of the share price is at $26.28.

Selective Insurance Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Selective Insurance Group is Resumed by Keefe Bruyette to Mkt Perform. The Rating was issued on May 4, 2016.

Selective Insurance Group Inc. (the Parent) is a holding company with insurance subsidiaries. The Company operates its business through four reportable segments: Standard Commercial Lines Standard Personal Lines E&S Lines and Investments. Standard Commercial Lines consists of insurance products and services provided in the standard marketplace to its commercial customers. Standard Personal Lines consists of insurance products and services including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP). E&S Lines consists of insurance products and services provided to customers who have not obtained coverage in the standard marketplace. It only writes commercial lines excess and surplus (E&S) coverages. Investments segment invests the premiums collected by its insurance segments as well as amounts generated through its capital management strategies which includes the issuance of debt and equity securities.

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Selective Insurance Group - Is it time to Sell?

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