The estimated Net Worth of Michael J. Morrissey is at least $3.28 Million dollars as of 6 February 2023. Mr. Morrissey owns over 4,000 units of Selective Insurance stock worth over $1,101,204 and over the last 17 years he sold SIGI stock worth over $1,982,866. In addition, he makes $200,086 as Independent Director at Selective Insurance.
Michael has made over 19 trades of the Selective Insurance stock since 2011, according to the Form 4 filled with the SEC. Most recently he sold 4,000 units of SIGI stock worth $404,840 on 6 February 2023.
The largest trade he's ever made was exercising 8,500 units of Selective Insurance stock on 17 November 2011 worth over $98,600. On average, Michael trades about 1,073 units every 73 days since 2008. As of 6 February 2023 he still owns at least 12,578 units of Selective Insurance stock.
You can see the complete history of Mr. Morrissey stock trades at the bottom of the page.
Michael J. Morrissey serves as Independent Director of the Company. Mr. Morrissey has 46 years of insurance industry experience. He is the head of an international insurance research organization, previously managed an investment firm specializing in insurance companies, and was president and chief investment officer of an insurance company. Mr. Morrissey is very knowledgeable about the insurance industry, the investment community, investor relations, and the analysis of strategic transactions.
As the Independent Director of Selective Insurance, the total compensation of Michael Morrissey at Selective Insurance is $200,086. There are 10 executives at Selective Insurance getting paid more, with Gregory Murphy having the highest compensation of $7,945,260.
Michael Morrissey is 72, he's been the Independent Director of Selective Insurance since 2008. There are no older and 19 younger executives at Selective Insurance.
Over the last 21 years, insiders at Selective Insurance have traded over $60,375,738 worth of Selective Insurance stock and bought 79,651 units worth $3,087,740 . The most active insiders traders include Gregory E Murphy, Dale A Thatcher, and William M Rue. On average, Selective Insurance executives and independent directors trade stock every 29 days with the average trade being worth of $699,087. The most recent stock trade was executed by Terrence W Cavanaugh on 23 July 2024, trading 2,000 units of SIGI stock currently worth $171,700.
selective works together with our independent agency partners to create and deliver business and personal insurance solutions that best fit customers’ needs. providing insurance since 1926, selective has built a reputation with agents and customers for trust, integrity and service excellence, backed by an “a” (excellent) or better rating from insurance rating organization a.m. best co. since 1930. our customers can trust selective to be there when they need us because we know response is everything.® because time is crucial and communication is vital, selective empowers its employees to make timely decisions using robust technology tools, risk expertise and 24/7 claims service. a clear vision and strong commitment to values has been critical to selective’s success over time. “so valuable is the human element that i will not let this company lose the human touch which has been largely responsible for its success.” d.l.b. smith, founder
Selective Insurance executives and other stock owners filed with the SEC include: