Selective Insurance Group, Inc. (NASDAQ:SIGIP) Stock Short Interest Declines 83.9%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant decrease in short interest in 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

Selective Insurance Group stock opened at $15.30 on Friday. Selective Insurance Group has a one year low of $14.80 and a one year high of $18.71. The company’s fifty day moving average price is $15.64 and its two-hundred day moving average price is $16.02.

Selective Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, August 31st.

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.