Selective Insurance Group, Inc. (NASDAQ:SIGIP) Stock Short Interest Drops 51.4%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,227 shares, a decrease of 51.4% from the September 30th total of 2,524 shares. Based on an average daily volume of 9,899 shares, the short-interest ratio is currently 0.1 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ SIGIP opened at $14.92 on Friday. Selective Insurance Group has a 1 year low of $14.74 and a 1 year high of $17.88. The firm’s 50 day moving average price is $15.23 and its 200 day moving average price is $16.10.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, November 30th.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company operates through a network of subsidiaries that provide property and casualty insurance products and related services to businesses, individuals and public entities.

Selective’s commercial insurance offerings include property, commercial automobile, general liability, workers’ compensation, umbrella and other specialty coverages. Its personal insurance business provides products such as automobile, homeowners, renters and other personal lines coverage.