Selective Insurance Group, Inc. (NASDAQ:SIGIP – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,227 shares, a decline of 51.4% from the September 30th total of 2,524 shares. Based on an average daily volume of 9,899 shares, the short-interest ratio is presently 0.1 days.
Selective Insurance Group Stock Down 0.4%
Shares of SIGIP traded down $0.06 during mid-day trading on Friday, hitting $14.92. 7,336 shares of the company’s stock were exchanged, compared to its average volume of 14,533. The stock’s 50-day simple moving average is $15.23 and its 200-day simple moving average is $16.10. Selective Insurance Group has a 52 week low of $14.74 and a 52 week high of $17.88.
Selective Insurance Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.15 annualized dividend and a yield of 7.7%.
About Selective Insurance Group
Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company operates through a network of subsidiaries that provide property and casualty insurance products and related services to businesses, individuals and public entities.
Selective’s commercial insurance offerings include property, commercial automobile, general liability, workers’ compensation, umbrella and other specialty coverages. Its personal insurance business provides products such as automobile, homeowners, renters and other personal lines coverage.
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