Chip stocks fall with Nvidia after data center rev disappointment
Selective Insurance Group (NASDAQ:SIGI) Director Thomas A. McCarthy reported purchasing 2,500 shares of common stock on July 28, 2025, following a significant 13.7% decline in the stock price over the past week. According to InvestingPro analysis, the company appears undervalued, currently trading at a P/E ratio of 13. The shares were bought at a weighted average price of $77.42, for a total transaction value of $193,550. The prices paid ranged from $77.42 to $77.465. The timing of this purchase is notable, as the company has maintained dividend payments for 51 consecutive years and is expected to see net income growth this year.
Following the transaction, McCarthy directly owns 2,589.572 shares of Selective Insurance Group, including dividend equivalent units, and indirectly owns 18,746 shares by trust. For deeper insights into insider trading patterns and comprehensive analysis, access the full Pro Research Report available on InvestingPro, covering 1,400+ top US stocks.
In other recent news, Selective Insurance Group reported its second-quarter earnings, which did not meet analyst expectations. The company posted a non-GAAP operating income of $1.31 per diluted share, falling short of the anticipated $1.50. Revenue for the quarter was $1.28 billion, also below the consensus forecast of $1.33 billion. Despite these misses, the results marked a significant improvement compared to the same period last year when Selective Insurance reported a loss of $1.10 per share. This development highlights the company’s progress over the past year, even though it did not align with analysts’ projections. There were no updates regarding mergers or acquisitions. Analyst firms have not provided recent upgrades or downgrades for the company’s stock. These updates form part of the recent developments surrounding Selective Insurance Group.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.