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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 3,848 shares, an increase of 69.0% from the May 14th total of 2,277 shares. Based on an average daily volume of 5,227 shares, the days-to-cover ratio is currently 0.7 days.

Selective Insurance Group Stock Performance

NASDAQ SIGIP traded up $0.04 on Tuesday, reaching $15.92. 2,461 shares of the stock traded hands, compared to its average volume of 13,267. The firm’s fifty day simple moving average is $16.36 and its 200 day simple moving average is $16.69. Selective Insurance Group has a 12 month low of $15.45 and a 12 month high of $18.71.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, May 29th.

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.