I owned this stock for almost a year..Purchased around 78 and sold at 96 as I really wanted to wait 1 year but the down trend plus the CEO selling $500,000 worth of stock made me pull the trigger earlier.. I believe this company is a great one but has pulled back because of all stocks pulling back, the insurance industry as a whole dropping, and its exposure to the Gulf.. Simply a lot to handle at one time.. Now that the stock is back to the 70's it is looking attractive again from a value perspective. If you don't mind holding for years or so while a stock takes you for a ride, I would buy it now.. If you don't feel like mustering a big swing then i would wait for it to show signs of slowing down it's downtrend before buying.. Good luck.. Hopefully we buy at a great time.. Plus this company pays a good dividend.
My story is similar, but I was luckier. I first bought at $67 on the way down. Then I doubled down and bought more at $45. I sold the first half at $118 and the second half at $115. I felt very lucky for this good fortune.
I recently bought a small amount at $83 and considerably more at $78. I think it is a conservatively run company and undervalued at its current price.