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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 17,000 shares, a decline of 19.8% from the October 31st total of 21,200 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 2.5 days.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock traded up $0.01 during trading on Friday, reaching $19.21. The stock had a trading volume of 1,472 shares, compared to its average volume of 6,411. The stock has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $18.94. Selective Insurance Group has a 52 week low of $16.50 and a 52 week high of $20.30.

Selective Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.15 annualized dividend and a yield of 5.99%.

About Selective Insurance Group

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.