Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Up 229.2% in October

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,039 shares, a growth of 229.2% from the October 15th total of 1,227 shares. Based on an average trading volume of 13,202 shares, the short-interest ratio is presently 0.3 days.

Selective Insurance Group Stock Performance

Selective Insurance Group stock traded down $0.12 during mid-day trading on Thursday, hitting $14.76. The company’s stock had a trading volume of 16,123 shares, compared to its average volume of 14,670. The company has a 50 day moving average of $15.10 and a 200-day moving average of $16.01. Selective Insurance Group has a one year low of $14.65 and a one year high of $17.49.

Selective Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, November 30th.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc. is a property and casualty insurance company founded in 1926 and headquartered in Branchville, New Jersey. It provides insurance and related services to businesses and individuals, primarily through a network of independent insurance agents. The company’s offerings include commercial property, general liability, workers’ compensation and commercial auto coverage, as well as personal insurance such as homeowners and auto policies. Selective also writes specialty and excess and surplus lines coverage for risks that may not fit standard insurance programs.