Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Expands By 44.2%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 6,650 shares, a growth of 44.2% from the January 29th total of 4,611 shares. Based on an average daily volume of 5,806 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 5,806 shares, the short-interest ratio is presently 1.1 days.

Selective Insurance Group Price Performance

NASDAQ:SIGIP traded down $0.39 during trading hours on Friday, reaching $16.89. 35,861 shares of the company traded hands, compared to its average volume of 5,566. The firm’s 50-day moving average is $17.08 and its 200-day moving average is $17.47. Selective Insurance Group has a 1-year low of $16.61 and a 1-year high of $18.74.

Selective Insurance Group Dividend Announcement

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