Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 143.5% in February

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 16,800 shares, a growth of 143.5% from the January 31st total of 6,900 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is currently 1.8 days.

Selective Insurance Group Stock Performance

SIGIP stock traded down $0.19 on Friday, hitting $17.92. 18,932 shares of the company were exchanged, compared to its average volume of 7,562. The business’s fifty day moving average is $17.75 and its two-hundred day moving average is $18.74. Selective Insurance Group has a twelve month low of $17.10 and a twelve month high of $20.30.

Selective Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.15 annualized dividend and a dividend yield of 6.42%.

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.