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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,216 shares, a decline of 24.9% from the November 30th total of 1,619 shares. Based on an average daily trading volume, of 6,464 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 6,464 shares, the days-to-cover ratio is currently 0.2 days.

Selective Insurance Group Stock Performance

Shares of SIGIP traded down $0.09 during mid-day trading on Wednesday, reaching $16.72. 23,812 shares of the company’s stock were exchanged, compared to its average volume of 6,106. The business’s fifty day simple moving average is $17.15 and its 200-day simple moving average is $17.44. Selective Insurance Group has a 52-week low of $16.61 and a 52-week high of $18.74.

Selective Insurance Group (NASDAQ:SIGIP) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $1.84 earnings per share for the quarter. The business had revenue of $798.43 million for the quarter.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.9%.

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.