Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Decreases By 22.3%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 5,170 shares, a drop of 22.3% from the February 12th total of 6,650 shares. Based on an average daily volume of 5,568 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 5,568 shares, the days-to-cover ratio is presently 0.9 days.

Selective Insurance Group Trading Down 0.8%

Shares of Selective Insurance Group stock traded down $0.13 on Friday, hitting $16.42. 7,225 shares of the company were exchanged, compared to its average volume of 5,460. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $17.38. Selective Insurance Group has a 1-year low of $16.42 and a 1-year high of $18.74.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.2875 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.15 dividend on an annualized basis and a yield of 7.0%.

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.