Selective Insurance Group, Inc. (NASDAQ:SIGIP) Sees Large Decline in Short Interest

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 10,000 shares, a decrease of 17.4% from the August 31st total of 12,100 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.7 days.

Selective Insurance Group Stock Performance

SIGIP traded down $0.06 during trading on Friday, reaching $19.89. 3,583 shares of the stock traded hands, compared to its average volume of 6,553. The stock’s 50-day moving average is $18.90 and its 200 day moving average is $18.66. Selective Insurance Group has a 12 month low of $15.17 and a 12 month high of $20.13.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.2875 per share. The ex-dividend date was Friday, August 30th. This represents a $1.15 annualized dividend and a yield of 5.78%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.