Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Rises By 346.5%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 50,900 shares, an increase of 346.5% from the February 28th total of 11,400 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is currently 5.5 days.

Selective Insurance Group Trading Down 1.2 %

Selective Insurance Group stock opened at $18.34 on Friday. The business’s 50 day simple moving average is $18.07 and its 200 day simple moving average is $18.67. Selective Insurance Group has a 12 month low of $17.10 and a 12 month high of $20.30.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.27%.

About Selective Insurance Group

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.