Selective Insurance Group, Inc. (NASDAQ:SIGIP – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 7,473 shares, a drop of 60.4% from the July 15th total of 18,886 shares. Based on an average daily trading volume, of 7,588 shares, the short-interest ratio is currently 1.0 days.
Selective Insurance Group Stock Performance
Shares of SIGIP opened at $15.77 on Friday. Selective Insurance Group has a 52 week low of $15.45 and a 52 week high of $18.71. The stock’s 50-day moving average price is $15.86 and its 200-day moving average price is $16.36.
Selective Insurance Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, August 31st.
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.
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