Selective Insurance Group, Inc. (NASDAQ:SIGIP) Stock Short Interest Drops 51.4%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,227 shares, a drop of 51.4% from the September 30th total of 2,524 shares. Based on an average trading volume of 9,899 shares, the days-to-cover ratio is currently 0.1 days.

Selective Insurance Group Trading Down 0.4%

Shares of SIGIP stock opened at $14.92 on Friday. The business’s 50 day moving average is $15.23 and its two-hundred day moving average is $16.10. Selective Insurance Group has a twelve month low of $14.74 and a twelve month high of $17.88.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.15 annualized dividend and a dividend yield of 7.7%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company operates through a network of subsidiaries that provide property and casualty insurance products and related services to businesses, individuals and public entities.

Selective’s commercial insurance offerings include property, commercial automobile, general liability, workers’ compensation, umbrella and other specialty coverages. Its personal insurance business provides products such as automobile, homeowners, renters and other personal lines coverage.