Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Up 627.4% in September

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,524 shares, an increase of 627.4% from the September 15th total of 347 shares. Based on an average trading volume of 13,073 shares, the days-to-cover ratio is presently 0.2 days.

Selective Insurance Group Price Performance

Shares of SIGIP opened at $15.00 on Friday. Selective Insurance Group has a one year low of $14.75 and a one year high of $18.06. The stock has a 50-day moving average price of $15.47 and a 200 day moving average price of $15.92.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Monday, August 31st.

About Selective Insurance Group

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates through a group of insurance subsidiaries.

Selective’s principal business is commercial insurance, including coverage for businesses, contractors, public entities and other organizations. Its products generally include commercial auto, general liability, commercial property, workers’ compensation and umbrella coverage.