Selective Insurance Group, Inc. (NASDAQ:SIGIP) Sees Significant Drop in Short Interest

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 7,473 shares, a decline of 60.4% from the July 15th total of 18,886 shares. Based on an average daily trading volume, of 7,588 shares, the days-to-cover ratio is currently 1.0 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGIP traded down $0.10 on Friday, hitting $15.77. The company’s stock had a trading volume of 12,944 shares, compared to its average volume of 16,271. The company has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $16.36. Selective Insurance Group has a 1 year low of $15.45 and a 1 year high of $18.71.

Selective Insurance Group Announces Dividend

The business 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. This represents a $1.15 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, August 31st.

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.