HomeMarket NewsSelective Insurance Group: Leading Dividend Stock with Insider Purchases and 1.69% Yield

Selective Insurance Group: Leading Dividend Stock with Insider Purchases and 1.69% Yield

Daily Market Recaps (no fluff)

always free

Insider Buying Sparks Interest in Selective Insurance Group Inc (SIGI)

Our latest review of the Dividend Channel ”DividendRank” report highlights companies with insider buying over the last six months. When corporate leaders invest their own money in their company’s stock, it often signals confidence in its value or potential growth. One notable example is Selective Insurance Group Inc (Symbol: SIGI), where Director Terrence W. Cavanaugh has made a significant investment.

On July 23, Cavanaugh purchased 2,000 shares of SIGI for a total of $171,700.00, resulting in a purchase price of $85.85 per share. In Wednesday’s trading, SIGI shares reached a low of $91.26, reflecting a 6.3% gain over Cavanaugh’s entry price. Since his investment, he has also received $0.35 per share in dividends, bringing his total return to 6.7%. On the day of reporting, Selective Insurance Group is up by 2.53%. Below is a chart displaying SIGI’s one-year performance compared to its 200-day moving average:

Selective Insurance Group Inc Chart

Examining the chart, SIGI’s shares reached a low of $81 over the past year, while the high point was $109.58, with its latest trade at $92.06. The table below outlines recent insider buying activity:

Purchased Insider Title Shares Price/Share Value
07/22/2024 John J. Marchioni President and CEO 2,400 $83.56 $200,532.00
07/23/2024 Terrence W. Cavanaugh Director 2,000 $85.85 $171,700.00

The DividendRank report emphasizes that SIGI shares reveal strong valuation and profitability metrics. Additionally, the company boasts a solid history of quarterly dividends and positive long-term growth rates in essential financial statistics.

According to the report, ”Dividend investors looking for value are often most interested in powerful, profitable companies that are trading at attractive valuations. Our proprietary DividendRank formula helps identify such stocks within our coverage universe, highlighting those worthy of further investigation.

Selective Insurance Group Inc currently pays an annualized dividend of $1.52 per share, distributed quarterly. The latest ex-dividend date was on November 15, 2024. Below is a long-term chart showcasing SIGI’s dividend history, as emphasized in the report. A company’s past dividend performance can be indicative of its future prospects.

SIGI+Dividend+History+Chart

nslideshow The Top DividendRank’ed Stocks With Insider Buying »

Also see:

• Top Ten Hedge Funds Holding GBNK
• Top Ten Hedge Funds Holding MXWL
• MSFG Options Chain

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

Do you want a daily market summary with no fluff?

Simple Straightforward Daily Stock Market Recaps Sent for free,every single trading day: Read Now

Explore More

Simple Straightforward Daily Stock Market Recaps

Get institutional-level analysis to take your trading to the next level, sign up for free and become apart of the community.