Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 69.0% in May

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,848 shares, an increase of 69.0% from the May 14th total of 2,277 shares. Based on an average daily volume of 5,227 shares, the short-interest ratio is currently 0.7 days.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGIP traded down $0.09 during midday trading on Monday, reaching $15.89. The company’s stock had a trading volume of 935,545 shares, compared to its average volume of 13,371. Selective Insurance Group has a 1 year low of $15.45 and a 1 year high of $18.71. The business has a 50 day moving average price of $16.36 and a 200 day moving average price of $16.70.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.2875 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.2%.

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.