Selective Insurance Group (NASDAQ:SIGIP) Trading Up 0.1% – Here’s Why

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was up 0.1% during trading on Thursday . The company traded as high as $16.76 and last traded at $16.7420. Approximately 991 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 5,204 shares. The stock had previously closed at $16.73.

Selective Insurance Group Stock Down 1.5%

The business’s fifty day moving average is $16.40 and its 200 day moving average is $16.86.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be 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 is Friday, May 29th.

Selective Insurance Group Company Profile

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.