Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 231.1% in June

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 23,696 shares, a growth of 231.1% from the June 15th total of 7,157 shares. Based on an average trading volume of 10,851 shares, the short-interest ratio is currently 2.2 days.

Selective Insurance Group Stock Performance

Shares of SIGIP opened at $15.86 on Monday. Selective Insurance Group has a fifty-two week low of $15.45 and a fifty-two week high of $18.71. The firm has a 50 day moving average price of $16.19 and a 200-day moving average price of $16.55.

Selective Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.2875 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.15 annualized dividend and a dividend yield of 7.3%.

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.