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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,158 shares, a drop of 59.0% from the August 15th total of 5,258 shares. Based on an average daily volume of 4,893 shares, the short-interest ratio is presently 0.4 days.

Selective Insurance Group Stock Performance

SIGIP traded down $0.20 during trading on Monday, hitting $15.20. The stock had a trading volume of 5,840 shares, compared to its average volume of 15,019. The company has a 50 day moving average price of $15.74 and a 200-day moving average price of $16.13. Selective Insurance Group has a one year low of $15.20 and a one year high of $18.71.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, August 31st.

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.