Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Grows By 33.0%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 12,100 shares, an increase of 33.0% from the August 15th total of 9,100 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 2.2 days.

Selective Insurance Group Trading Up 0.2 %

Shares of NASDAQ SIGIP traded up $0.04 during midday trading on Monday, reaching $19.18. 3,718 shares of the stock were exchanged, compared to its average volume of 6,569. Selective Insurance Group has a 12 month low of $15.17 and a 12 month high of $19.45. The business has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $18.58.

Selective Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Friday, August 30th.

About Selective Insurance Group

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.