Selective Insurance Group (NASDAQ:SIGIP) Trading Up 1.2% – Should You Buy?

Selective Insurance Group, Inc. (NASDAQ:SIGIP)’s stock price was up 1.2% on Tuesday . The company traded as high as $17.41 and last traded at $17.40. Approximately 18,353 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 9,432 shares. The stock had previously closed at $17.19.

Selective Insurance Group Price Performance

The firm’s fifty day moving average price is $18.44 and its 200 day moving average price is $18.87.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.15 annualized dividend and a yield of 6.61%.

About Selective Insurance Group

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.