On October 25, 2024, Anthony Harnett, Senior Vice President and Chief Accounting Officer of Selective Insurance Group Inc (SIGI, Financial), sold 1,404 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 15,945.8028 shares of Selective Insurance Group Inc.
Selective Insurance Group Inc, a holding company for ten property and casualty insurance companies, offers a broad range of commercial and personal insurance products. The company primarily operates in the Eastern and Midwestern United States, providing services through independent agents.
The shares were sold at a price of $92.61, valuing the transaction at approximately $130,043.44. This sale has adjusted the insider's stake in the company significantly.
Over the past year, Anthony Harnett has engaged in several transactions involving company shares. The insider has sold a total of 1,404 shares and has not purchased any shares during this period.
The insider transaction history for Selective Insurance Group Inc shows a trend of more insider sales than buys over the past year, with 3 insider sales and 2 insider buys recorded.
Regarding the company's valuation, Selective Insurance Group Inc has a market cap of $5.558 billion as of the last trading price. The price-earnings ratio stands at 24.63, which is above both the industry median of 11.55 and the company's historical median.
The stock's current price of $92.61 compares to a GF Value of $114.53, indicating that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.81.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
