Selective Insurance Group, Inc. (NASDAQ:SIGIP) Sees Large Decline in Short Interest

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 4,611 shares, a drop 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 traded up $0.06 during trading on Friday, hitting $17.31. 4,028 shares of the company traded hands, compared to its average volume of 5,451. Selective Insurance Group has a 12 month low of $16.61 and a 12 month high of $18.74. The business has a fifty day simple moving average of $16.97 and a 200 day simple moving average of $17.47.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 6.6%. The ex-dividend date 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.