Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Declines By 38.4%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,468 shares, a decline of 38.4% from the April 15th total of 4,009 shares. Based on an average daily volume of 3,988 shares, the days-to-cover ratio is presently 0.6 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGIP traded up $0.05 during midday trading on Monday, hitting $16.56. 6,242 shares of the stock were exchanged, compared to its average volume of 5,216. Selective Insurance Group has a 12 month low of $15.82 and a 12 month high of $18.71. The business’s 50-day moving average price is $16.40 and its 200 day moving average price is $16.85.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.2875 per share. The ex-dividend date is Friday, May 29th. This represents a $1.15 annualized dividend and a yield of 6.9%.

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.