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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 16,800 shares, a growth of 143.5% from the January 31st total of 6,900 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is currently 1.8 days.

Selective Insurance Group Trading Down 1.0 %

Selective Insurance Group stock opened at $17.92 on Friday. The business’s 50-day simple moving average is $17.75 and its 200-day simple moving average is $18.73. Selective Insurance Group has a 52 week low of $17.10 and a 52 week high of $20.30.

Selective Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.42%.

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.