Selective Insurance Group, Inc. (NASDAQ:SIGIP) Stock Short Interest Falls 83.9%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 347 shares, a drop of 83.9% from the August 31st total of 2,158 shares. Based on an average daily volume of 5,748 shares, the days-to-cover ratio is presently 0.1 days.

Selective Insurance Group Stock Performance

Shares of SIGIP traded down $0.16 on Friday, reaching $15.14. 11,979 shares of the stock traded hands, compared to its average volume of 14,893. The stock’s 50-day moving average price is $15.63 and its 200-day moving average price is $16.01. Selective Insurance Group has a 12 month low of $14.80 and a 12 month high of $18.71.

Selective Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 31st.

Selective Insurance Group Company Profile

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.