Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 69.0% in May

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,848 shares, an increase of 69.0% from the May 14th total of 2,277 shares. Based on an average trading volume of 5,227 shares, the days-to-cover ratio is presently 0.7 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ SIGIP traded down $0.09 during trading on Monday, reaching $15.89. The company had a trading volume of 935,545 shares, compared to its average volume of 13,371. Selective Insurance Group has a twelve month low of $15.45 and a twelve month high of $18.71. The stock has a 50-day moving average price of $16.36 and a two-hundred day moving average price of $16.70.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 7.2%. The ex-dividend date of this dividend 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.