Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Update

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 23,696 shares, a growth of 231.1% from the June 15th total of 7,157 shares. Based on an average daily volume of 10,851 shares, the short-interest ratio is presently 2.2 days.

Selective Insurance Group Stock Performance

SIGIP traded down $0.01 during trading hours on Tuesday, hitting $15.86. 158 shares of the company’s stock were exchanged, compared to its average volume of 18,049. Selective Insurance Group has a 1-year low of $15.45 and a 1-year high of $18.71. The stock’s 50-day moving average is $16.17 and its two-hundred day moving average is $16.55.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.2875 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.15 annualized dividend and a dividend yield of 7.3%.

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.