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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,158 shares, a drop of 59.0% from the August 15th total of 5,258 shares. Based on an average daily trading volume, of 4,893 shares, the short-interest ratio is currently 0.4 days.

Selective Insurance Group Stock Down 0.4%

Shares of SIGIP stock traded down $0.06 during mid-day trading on Tuesday, hitting $15.26. The stock had a trading volume of 5,474 shares, compared to its average volume of 14,960. Selective Insurance Group has a fifty-two week low of $15.01 and a fifty-two week high of $18.71. The company’s 50-day simple moving average is $15.73 and its 200-day simple moving average is $16.11.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.2875 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.15 dividend on an annualized basis and a yield of 7.5%.

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.