U.S. stocks were lower, with the Dow Jones falling around 700 points on Friday.
Shares of Selective Insurance Group Inc (NASDAQ:SIGI) rose sharply after the company reported better-than-expected third-quarter adjusted EPS results. The company authorized a $200 million share buyback and increased its quarterly dividend.
Selective Insurance reported quarterly earnings of $2.37 per share which beat the analyst consensus estimate of $1.91 per share. The company reported quarterly sales of $1.123 billion which missed the analyst consensus estimate of $1.172 billion.
Selective Insurance shares jumped 6.1% to $97.38 on Friday.
Here are some other big stocks recording gains in today’s session.
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