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

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

Selective Insurance Group Stock Performance

SIGIP traded up $0.20 on Friday, hitting $19.14. The company had a trading volume of 5,170 shares, compared to its average volume of 6,586. Selective Insurance Group has a 52-week low of $15.17 and a 52-week high of $19.45. The stock has a fifty day simple moving average of $18.66 and a 200-day simple moving average of $18.58.

Selective Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.15 annualized dividend and a 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.