Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 231.1% in June

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 23,696 shares, a growth of 231.1% from the June 15th total of 7,157 shares. Based on an average trading volume of 10,851 shares, the short-interest ratio is currently 2.2 days.

Selective Insurance Group Price Performance

SIGIP stock opened at $15.86 on Monday. Selective Insurance Group has a twelve month low of $15.45 and a twelve month high of $18.71. The business has a 50 day moving average of $16.19 and a 200 day moving average of $16.55.

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.2875 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.15 annualized dividend and a yield of 7.3%.

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.