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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,658 shares, a decrease of 14.3% from the March 15th total of 5,435 shares. Based on an average daily trading volume, of 7,389 shares, the short-interest ratio is presently 0.6 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ SIGIP traded up $0.15 during mid-day trading on Friday, reaching $16.46. 2,593 shares of the company were exchanged, compared to its average volume of 5,678. Selective Insurance Group has a 52 week low of $15.82 and a 52 week high of $18.71. The company’s 50 day moving average price is $16.66 and its 200 day moving average price is $17.07.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Friday, February 27th.

About Selective Insurance Group

Selective Insurance Group, Inc is a property and casualty insurance holding company that underwrites a range of specialty and standard insurance products through a nationwide network of independent agents. The company’s core business focuses on commercial lines for small to mid-sized businesses, offering coverage for general liability, commercial auto, property, professional liability, and environmental liability exposures. In addition, Selective provides personal lines insurance, including homeowners and auto policies, through select agency partners in targeted markets.

Selective’s product portfolio is organized into three main segments: commercial property and casualty, personal lines, and reinsurance solutions.