On November 4, 2024, Wole Coaxum, a Director at Selective Insurance Group Inc (SIGI, Financial), executed a sale of 1,903 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 3,929.076 shares of Selective Insurance Group Inc.
Selective Insurance Group Inc is a holding company for ten property and casualty insurance companies. These companies offer a broad range of commercial and personal insurance products. The company operates through its subsidiaries, providing underwriting services and catering to different customer needs in the insurance sector.
Over the past year, the insider has sold a total of 1,903 shares and has not made any purchases. The company's insider transaction history over the last year shows a total of 2 insider buys and 4 insider sells.
On the day of the sale, shares of Selective Insurance Group Inc were trading at $91.56. This pricing gives the company a market cap of approximately $5.60 billion. The price-earnings ratio of the company stands at 24.82, which is above the industry median of 11.13 and also higher than the company's historical median.
The stock's current price compared to the GF Value of $115.16 suggests that Selective Insurance Group Inc is modestly undervalued, with a price-to-GF-Value ratio of 0.8.
The GF Value is calculated considering historical trading multiples like 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 sale by the insider might be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
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.
