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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,611 shares, a decrease of 38.7% from the January 15th total of 7,519 shares. Based on an average daily volume of 5,278 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 5,278 shares, the days-to-cover ratio is currently 0.9 days.

Selective Insurance Group Price Performance

NASDAQ:SIGIP opened at $17.25 on Friday. The stock has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $17.46. Selective Insurance Group has a 1-year low of $16.61 and a 1-year high of $18.74.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, February 27th.

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.