Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 101.9% in January

Selective Insurance Group, Inc. (NASDAQ:SIGIPGet Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,519 shares, a growth of 101.9% from the December 31st total of 3,725 shares. Based on an average daily trading volume, of 5,128 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 5,128 shares, the days-to-cover ratio is presently 1.5 days.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock traded up $0.02 during trading on Friday, reaching $17.18. The company’s stock had a trading volume of 2,101 shares, compared to its average volume of 5,171. The company has a 50-day moving average price of $16.95 and a two-hundred day moving average price of $17.45. Selective Insurance Group has a fifty-two week low of $16.61 and a fifty-two week high of $18.74.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.2875 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.7%.

About Selective Insurance Group

(Get Free Report)

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.

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