Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Down 60.4% in July

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 7,473 shares, a decrease of 60.4% from the July 15th total of 18,886 shares. Based on an average trading volume of 7,588 shares, the short-interest ratio is presently 1.0 days.

Selective Insurance Group Stock Performance

Shares of NASDAQ:SIGIP opened at $15.87 on Friday. Selective Insurance Group has a 12 month low of $15.45 and a 12 month high of $18.71. The company’s fifty day simple moving average is $15.87 and its 200 day simple moving average is $16.37.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Monday, August 31st.

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.