Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Update

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large 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 Stock Down 0.3%

Selective Insurance Group stock traded down $0.04 during trading on Wednesday, reaching $15.98. 1,166 shares of the company’s stock were exchanged, compared to its average volume of 13,274. The company’s 50-day moving average is $16.36 and its two-hundred day moving average is $16.68. Selective Insurance Group has a 52-week low of $15.45 and a 52-week high of $18.71.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Friday, May 29th.

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.