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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 23,600 shares, a growth of 23.6% from the September 30th total of 19,100 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 3.7 days.

Selective Insurance Group Stock Performance

Shares of SIGIP traded down $0.11 during mid-day trading on Wednesday, reaching $19.71. 2,471 shares of the company’s stock traded hands, compared to its average volume of 6,362. The business’s 50-day moving average price is $19.52 and its 200-day moving average price is $18.80. Selective Insurance Group has a 12 month low of $15.32 and a 12 month high of $20.30.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Monday, December 2nd.

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.