Short Interest in Selective Insurance Group, Inc. (NASDAQ:SIGIP) Declines By 68.8%

Selective Insurance Group, Inc. (NASDAQ:SIGIP) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 10,300 shares, a decrease of 68.8% from the May 31st total of 33,000 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 1.4 days.

Selective Insurance Group Price Performance

Shares of NASDAQ SIGIP traded down $0.23 during trading on Thursday, hitting $18.25. 7,019 shares of the company traded hands, compared to its average volume of 6,832. The business’s fifty day moving average is $18.37 and its 200 day moving average is $18.27. Selective Insurance Group has a fifty-two week low of $15.17 and a fifty-two week high of $19.29.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.30%.

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.