Selective Insurance Group, Inc. (NASDAQ:SIGIP – Get Rating) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 16,800 shares, a decrease of 17.2% from the February 28th total of 20,300 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 2.1 days.
Selective Insurance Group Stock Performance
SIGIP remained flat at $17.20 on Friday. 36,576 shares of the company were exchanged, compared to its average volume of 9,103. The business's fifty day moving average price is $18.05. Selective Insurance Group has a 12-month low of $15.92 and a 12-month high of $21.55.
Get Selective Insurance Group alerts:Selective Insurance Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.2875 dividend. The ex-dividend date was Monday, February 27th. This represents a $1.15 annualized dividend and a yield of 6.69%.
Insider Buying and Selling at Selective Insurance Group
In other Selective Insurance Group news, Director John Burville sold 20,000 shares of the company's stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $100.17, for a total value of $2,003,400.00. Following the transaction, the director now directly owns 46,304 shares in the company, valued at approximately $4,638,271.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Vincent M. Senia sold 7,000 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $99.79, for a total transaction of $698,530.00. Following the transaction, the executive vice president now directly owns 12,984 shares in the company, valued at approximately $1,295,673.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Burville sold 20,000 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $100.17, for a total transaction of $2,003,400.00. Following the transaction, the director now owns 46,304 shares in the company, valued at $4,638,271.68. The disclosure for this sale can be found here.
About Selective Insurance Group
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Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and 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, as well as flood insurance products.
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