Selective Insurance Group, Inc. (NASDAQ:SIGIP) Shares Shorted: Short Interest Up 229.2% in October

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,039 shares, an increase of 229.2% from the October 15th total of 1,227 shares. Based on an average daily volume of 13,202 shares, the short-interest ratio is presently 0.3 days.

Selective Insurance Group Price Performance

Shares of NASDAQ:SIGIP traded down $0.12 during trading on Thursday, hitting $14.76. The company had a trading volume of 16,123 shares, compared to its average volume of 14,670. The company has a fifty day simple moving average of $15.10 and a two-hundred day simple moving average of $16.01. Selective Insurance Group has a one year low of $14.65 and a one year high of $17.49.

Selective Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.15 dividend on an annualized basis and a yield of 7.8%.

About Selective Insurance Group

Selective Insurance Group, Inc. is a property and casualty insurance company founded in 1926 and headquartered in Branchville, New Jersey. It provides insurance and related services to businesses and individuals, primarily through a network of independent insurance agents. The company’s offerings include commercial property, general liability, workers’ compensation and commercial auto coverage, as well as personal insurance such as homeowners and auto policies. Selective also writes specialty and excess and surplus lines coverage for risks that may not fit standard insurance programs.