Selective insurance EVP Michael Lanza sells $1.6m in stock By Investing.com

Michael H. Lanza, Executive Vice President and General Counsel at Selective Insurance Group Inc. (), sold 17,100 shares of common stock for a total of $1,608,155 on July 28, 2026. The shares were sold at prices ranging from $93.85 to $94.26, with a weighted average sale price of $94.0442. The stock currently trades at $96.68, near its 52-week high of $100.40, though InvestingPro analysis suggests the company remains undervalued at current levels.

On the same date, Mr. Lanza also acquired 1,100 shares of common stock through a gift transaction, valued at $0. Following these transactions, Mr. Lanza directly holds 16,564.5275 shares of Selective Insurance Group Inc. common stock. The insurance company has maintained dividend payments for 52 consecutive years and carries a “GOOD” financial health score. For deeper insights, a comprehensive Pro Research Report is available for SIGI.

In other recent news, Selective Insurance Group has experienced a series of developments that may interest investors. BMO Capital recently upgraded Selective Insurance to an Outperform rating, citing improved reserves and profit margins, with a price target set at $97.00. This upgrade follows a previous downgrade by the same firm, which had adjusted its earnings per share estimates upward by 1% due to higher interest rates, despite concerns over underwriting profit margins. Meanwhile, Oppenheimer raised its price target for Selective Insurance to $115, maintaining an Outperform rating, while adjusting its earnings estimates for 2026 and 2027 based on the company’s diversification efforts and reduced growth forecasts. Additionally, at the company’s 2026 Annual Meeting of Stockholders, all twelve director nominees were elected to the board, each receiving a majority of votes. These developments reflect ongoing strategic adjustments and leadership continuity within Selective Insurance Group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.