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

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

Selective Insurance Group Stock Performance

NASDAQ:SIGIP traded down $0.13 during trading hours on Friday, hitting $16.42. The company had a trading volume of 7,225 shares, compared to its average volume of 5,460. The stock 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 52 week low of $16.42 and a 52 week high of $18.74.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, February 27th.

Selective Insurance Group Company Profile

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.