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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,400 shares, a drop of 45.0% from the August 15th total of 8,000 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.7 days.

Selective Insurance Group Price Performance

Shares of Selective Insurance Group stock traded down $0.02 on Monday, reaching $18.42. The stock had a trading volume of 2,130 shares, compared to its average volume of 6,071. The business’s 50-day moving average price is $17.47 and its two-hundred day moving average price is $17.44. Selective Insurance Group has a fifty-two week low of $16.61 and a fifty-two week high of $20.30.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.2%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.