PhillyInc

James J. Maguire Sr., chairman and founder of Philadelphia Insurance Cos. in Wayne, has made a relatively big purchase of his own company's shares. He said in an SEC filing yesterday that he bought 114,500 shares worth $4.2 million worth this week. Maguire is at least 73 and this could be for his children. The filing says the purchases were "made from family trusts, of which certain of his children are beneficiaries." PHLY stock rose about 1 percent to $38.26 since his purchase at $37.

- Thomas Ginsberg