SIGI CFOs Secret Playbook

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Let me be clear, dear reader: Brennan Patrick Sean, CFO of Selective Insurance Group, isn’t just buying shares. He’s playing 3D chess with the stock market. According to SEC Form 4, he acquired 2,700 shares for $205,700 on October 24, 2025. Now don’t miss this-Wall Street’s favorite therapist, the SEC, wants us to see this as confidence. Let’s just call it what it is: a man very much aware his house is on fire and buying buckets for later.

Game Moves

Metrics Numbers
Shares hoovered 2,700
Large sum ~$205,700
Now owns 17,948
Portfolio total ~$1.4M

Yes, the math checks out. $76.17/share (the price the SEC insists on repeating six times) is a shade under where the stock currently trades. So either Brennan lives in denial or he’s practicing what MMA trainers call “buy the rumor, sell the news.”

Key Questions (You’re Welcome)

Why’s the CFO suddenly so keen on accumulation?
Well, met, he’s bought 5,700 shares over a year-46.54% of his previous stake. No sales. That’s not a trend. That’s a pit excavator tearing up any “sell” signs he might’ve had. But let’s not tell him that. He’s clearly doing “contestation” on a yacht he hasn’t bought yet.

What’s the takeaway for the rest of us?
The stock’s down 16% in a year. Brennan bought high, sure, but listen-the man who writes “We’re doing marginally better” on a whiteboard and calls that a “victory” is consistently buying. Try to let that be something other than panic. …Or is it optimism? I’ll never know, but the market hates knowing.

Company Brief

Figures That Make Us Gasp Back-of-Envelope Work
Revenue (12M) $5.22B
Net Income $406.67M
Dividend Magic 1.65%
1-Year Whiplash -15.95%

A property-and-casualty insurer offering flood death certificates and mortgage loans. How charming. They also sell “expensive plastic cards” to the desperate and the bureaucratic. But honestly, who needs roof insurance when we’re all just one hailstorm away from starting over?

Foolish Take (But Wiser)

Big day in late October: SIGI said Q3 written premiums rose 4%. Management? “Delighted.” But their combined ratio dropped from 99.5% to 98.6%. Let me put that in a metaphor. It’s like your gym told you your calorie deficit isn’t enough and handed you faster treadmill while laughing. Their ROE? 13.2% in the quarter, which is fancy talk for “we’re not screwing up yet.”

They’re giving out 2.2% yield. Quite the cheese grater for retirees. But let’s not romanticize it. That 13% dividend raise this year? A cynical reader notes the past five years of compounding has inflated payouts by 72%. That’s not a tree growing, it’s a hedgehog wearing a suit jacket and pretending.

Glossary That Doesn’t Explain Sh*t

Open-market purchase: Stolen into the private arms of the stock exchange. …Wait, did that phrase rhyme?

SEC Form 4: A dominatrix outfit for corporate transparency. Strictly post-coital.

Derivative: A term so en vogue your financial advisor uses it when they mean “I don’t understand this.”

Excess & surplus lines: For when your standard insurance can’t cover you. Like trying to fit an elephant in your Prius labeled “Sustainable Mobility.”

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2025-11-02 20:24