Selective Insurance Group, Inc. (NASDAQ:SIGIP – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 3,725 shares, a growth of 206.3% from the December 15th total of 1,216 shares. Based on an average daily trading volume, of 13,204 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 13,204 shares, the days-to-cover ratio is presently 0.3 days.
Selective Insurance Group Trading Up 0.2%
Shares of SIGIP stock traded up $0.04 on Wednesday, hitting $16.95. The company had a trading volume of 15,291 shares, compared to its average volume of 4,971. The stock’s 50-day moving average is $16.97 and its two-hundred day moving average is $17.45. Selective Insurance Group has a twelve month low of $16.61 and a twelve month high of $18.74.
Selective Insurance Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.2875 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.8%.
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.
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