Selective Insurance Group, Inc. (NASDAQ:SIGIP) Sees Large Increase in Short Interest

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 50,900 shares, an increase of 346.5% from the February 28th total of 11,400 shares. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is currently 5.5 days.

Selective Insurance Group Stock Down 0.4 %

Selective Insurance Group stock opened at $18.57 on Thursday. Selective Insurance Group has a twelve month low of $17.10 and a twelve month high of $20.30. The stock’s fifty day simple moving average is $18.05 and its 200-day simple moving average is $18.67.

Selective Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.2875 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%.

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.