Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 101.9% in January

by · The Markets Daily

Selective Insurance Group, Inc. (NASDAQ:SIGIP – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,519 shares, a growth of 101.9% from the December 31st total of 3,725 shares. Based on an average trading volume of 5,128 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 5,128 shares, the days-to-cover ratio is currently 1.5 days.

Selective Insurance Group Trading Up 0.1%

Shares of SIGIP stock traded up $0.02 on Friday, reaching $17.18. 2,101 shares of the stock were exchanged, compared to its average volume of 5,171. Selective Insurance Group has a 1-year low of $16.61 and a 1-year high of $18.74. The firm has a 50 day moving average of $16.95 and a two-hundred day moving average of $17.45.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, February 27th.

About Selective Insurance Group

(Get Free Report)

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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