Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Down 83.9% in September

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 347 shares, a decrease of 83.9% from the August 31st total of 2,158 shares. Based on an average daily volume of 5,748 shares, the short-interest ratio is currently 0.1 days.

Selective Insurance Group Price Performance

SIGIP traded down $0.16 during trading on Friday, reaching $15.14. The stock had a trading volume of 11,979 shares, compared to its average volume of 14,893. The stock’s 50 day moving average is $15.63 and its two-hundred day moving average is $16.01. Selective Insurance Group has a one year low of $14.80 and a one year high of $18.71.

Selective Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.6%.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. Founded in 1926, the company provides property and casualty insurance through a network of independent agents and operates through a group of insurance subsidiaries.

Selective’s principal business is commercial insurance, including coverage for businesses, contractors, public entities and other organizations. Its products generally include commercial auto, general liability, commercial property, workers’ compensation and umbrella coverage.