Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Increases By 101.9%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,519 shares, an increase of 101.9% from the December 31st total of 3,725 shares. Based on an average daily trading volume, of 5,128 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 5,128 shares, the days-to-cover ratio is currently 1.5 days.

Selective Insurance Group Trading Down 0.8%

Shares of SIGIP opened at $17.02 on Friday. The business’s fifty day moving average is $16.94 and its 200 day moving average is $17.45. Selective Insurance Group has a 12-month low of $16.61 and a 12-month high of $18.74.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.2875 per share. The ex-dividend date is Friday, February 27th. This represents a $1.15 dividend on an annualized basis and a yield of 6.8%.

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.