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

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

Selective Insurance Group Stock Performance

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

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.78%.

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.