Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Declines By 32.1%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 11,400 shares, a drop of 32.1% from the February 13th total of 16,800 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 1.1 days.

Selective Insurance Group Stock Performance

Selective Insurance Group stock traded up $0.19 during mid-day trading on Friday, hitting $18.57. 4,476 shares of the company were exchanged, compared to its average volume of 7,879. The business has a fifty day moving average of $17.90 and a 200 day moving average of $18.69. Selective Insurance Group has a 1-year low of $17.10 and a 1-year high of $20.30.

Selective Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.2875 dividend. The ex-dividend date of this dividend is 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.