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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a large growth in short interest in the month of 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 daily trading volume, of 10,851 shares, the short-interest ratio is presently 2.2 days.

Selective Insurance Group Stock Down 0.5%

Selective Insurance Group stock opened at $15.83 on Wednesday. Selective Insurance Group has a twelve month low of $15.45 and a twelve month high of $18.71. The stock’s fifty day simple moving average is $16.16 and its 200-day simple moving average is $16.54.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.2875 per share. The ex-dividend date was Friday, May 29th. This represents a $1.15 annualized dividend and a yield of 7.3%.

Selective Insurance Group Company Profile

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.