Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Down 38.4% in April

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 2,468 shares, a drop of 38.4% from the April 15th total of 4,009 shares. Based on an average daily volume of 3,988 shares, the days-to-cover ratio is currently 0.6 days.

Selective Insurance Group Trading Down 1.5%

SIGIP traded down $0.25 during trading on Friday, reaching $16.51. The company’s stock had a trading volume of 5,412 shares, compared to its average volume of 5,206. The firm has a fifty day simple moving average of $16.40 and a two-hundred day simple moving average of $16.86. Selective Insurance Group has a 1 year low of $15.82 and a 1 year high of $18.71.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, May 29th.

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.