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

Selective Insurance Group, Inc. (NASDAQ:SIGIP) saw 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 currently 2.2 days.

Selective Insurance Group Stock Performance

Shares of Selective Insurance Group stock traded up $0.20 during trading on Friday, reaching $19.14. 5,170 shares of the stock were exchanged, compared to its average volume of 6,586. The stock’s fifty day moving average is $18.66 and its 200 day moving average is $18.58. Selective Insurance Group has a 1 year low of $15.17 and a 1 year high of $19.45.

Selective Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.2875 per share. The ex-dividend date is Friday, August 30th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.01%.

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.