Selective Insurance Group (NASDAQ:SIGIP) Shares Down 0.6% – Here’s Why

Selective Insurance Group, Inc. (NASDAQ:SIGIP)’s share price fell 0.6% during trading on Wednesday . The company traded as low as $15.76 and last traded at $15.76. Approximately 3,347 shares changed hands during trading, a decline of 82% from the average session volume of 18,383 shares. The stock had previously closed at $15.85.

Selective Insurance Group Stock Down 0.6%

The company has a fifty day simple moving average of $16.22 and a 200-day simple moving average of $16.57.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.3%.

About Selective Insurance Group

Selective Insurance Group, Inc is a property and casualty insurance holding company that underwrites a range of specialty and standard insurance products through a nationwide network of independent agents. The company’s core business focuses on commercial lines for small to mid-sized businesses, offering coverage for general liability, commercial auto, property, professional liability, and environmental liability exposures. In addition, Selective provides personal lines insurance, including homeowners and auto policies, through select agency partners in targeted markets.

Selective’s product portfolio is organized into three main segments: commercial property and casualty, personal lines, and reinsurance solutions.