SIGI Chief Accounting Officer Buys Shares While Selling, Showing Confidence in Company Valuation

Insider Activity Spotlight: Harnett Anthony D. Buys While Others Sell

On February 6, 2026, Selective Insurance Group’s (SIGI) Chief Accounting Officer, Harnett Anthony D., executed a sizable purchase of 1,775 common shares, adding roughly 16,980 shares to his holdings. The transaction was completed at the prevailing market price of $89.24, with no additional premium or discount. In the same filing, D. sold 711 shares at $90.10, suggesting a strategic rebalancing of his portfolio rather than a speculative play on short‑term price movements.

Why the Buy/Sell Mix Matters

The simultaneous buy and sell in a single day is not uncommon among high‑level executives, often reflecting personal cash flow needs or a desire to maintain a minimum ownership threshold. However, the fact that D. purchased at a price slightly below the close ($89.24 vs. $88.60 closing price) while selling at a price above the close ($90.10) indicates a modest spread in his trade timing. For investors, this can be interpreted as confidence in the company’s valuation—he’s willing to acquire shares even when the price is lower, while also taking profits when the price ticks higher.

Broader Insider Trends

When viewed against the broader backdrop of insider activity, SIGI’s executives are actively buying and selling in a relatively synchronized window. CEO John Marchioni purchased a record 21,686 shares at $0.00 (a zero‑price transaction likely tied to a compensation plan or a special share issuance) while selling 9,452 shares at $90.10. Similarly, EVP Jeffrey Eppers and EVP Michael Lanza both bought and sold shares at $0.00 and $90.10, respectively. The pattern suggests a routine management‑level rebalancing rather than an attempt to influence stock price or signal impending corporate action.

Implications for Investors

For the average investor, the key takeaway is that SIGI’s senior management maintains a significant stake in the company (over 150,000 shares held by the CEO alone) and continues to buy shares at or near market price. This ongoing ownership can be viewed as a vote of confidence, particularly given the company’s stable earnings multiples (P/E of 12.05) and moderate upside (52‑week high of $93.38 versus current price of $88.60). The slight uptick in insider buying, coupled with a strong social‑media buzz of 377 % and a positive sentiment score (+79), indicates growing interest and optimism among both insiders and the broader investment community.

Looking Ahead

SIGI’s recent insider transactions signal that its leadership team is comfortable with the company’s valuation trajectory and is actively managing its equity positions. As the firm continues to deliver diversified insurance solutions in a competitive market, these insider moves suggest an expectation of steady growth rather than a speculative rally. Investors should monitor upcoming quarterly earnings and any potential capital‑raising activity, but the current pattern of insider buying—especially by senior executives—provides a modest bullish sign for those considering a mid‑term investment horizon.