Insider buying activity is a key indicator for bargain hunters, as insiders usually buy stock when they expect to make money. Recently, Chief Operating Officer Jennifer L. Klobnak purchased 3,000 shares of RLI at $69.15 each, totaling $207,450. RLI stock is up 0.4% on Friday. Additionally, Director Terrence W. Cavanaugh bought $151,430 worth of Selective Insurance Group, acquiring 2,000 shares at $75.72 each. Selective Insurance Group is trading up about 3.3% on Friday. These insider buys suggest confidence in the future performance of these companies.

Read more at Nasdaq: Friday 7/25 Insider Buying Report: RLI, SIGI