Selective Insurance Group, Inc. (NASDAQ:SIGIP) Short Interest Up 143.5% in February

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 16,800 shares, a growth of 143.5% from the January 31st total of 6,900 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is presently 1.8 days.

Selective Insurance Group Stock Performance

SIGIP stock traded down $0.19 during trading on Friday, hitting $17.92. The company had a trading volume of 18,932 shares, compared to its average volume of 7,562. The business has a 50 day moving average of $17.75 and a 200 day moving average of $18.74. Selective Insurance Group has a fifty-two week low of $17.10 and a fifty-two week high of $20.30.

Selective Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.15 annualized dividend and a dividend yield of 6.42%.

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.