Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Down 38.4% in April

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,468 shares, a decline of 38.4% from the April 15th total of 4,009 shares. Based on an average daily trading volume, of 3,988 shares, the short-interest ratio is currently 0.6 days.

Selective Insurance Group Trading Down 0.2%

SIGIP stock traded down $0.04 during midday trading on Tuesday, reaching $16.60. 2,615 shares of the company were exchanged, compared to its average volume of 5,188. The business has a 50-day moving average price of $16.40 and a two-hundred day moving average price of $16.84. Selective Insurance Group has a one year low of $15.82 and a one year high of $18.71.

Selective Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.15 annualized dividend and a yield of 6.9%.

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.