Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Grows By 23.6%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 23,600 shares, an increase of 23.6% from the September 30th total of 19,100 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is currently 3.7 days.

Selective Insurance Group Price Performance

Shares of SIGIP traded down $0.11 during midday trading on Wednesday, hitting $19.71. The company had a trading volume of 2,317 shares, compared to its average volume of 6,362. Selective Insurance Group has a 52 week low of $15.32 and a 52 week high of $20.30. The company’s 50 day moving average price is $19.52 and its 200 day moving average price is $18.80.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Monday, December 2nd.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.