Selective Insurance Group (NASDAQ:SIGIP) Trading Up 0.6% – Time to Buy?

Shares of Selective Insurance Group, Inc. (NASDAQ:SIGIP) were up 0.6% on Thursday . The company traded as high as $16.75 and last traded at $16.74. Approximately 3,531 shares were traded during trading, a decline of 47% from the average daily volume of 6,698 shares. The stock had previously closed at $16.63.

Selective Insurance Group Stock Performance

The business’s 50-day simple moving average is $17.08 and its two-hundred day simple moving average is $17.68.

Selective Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.2875 per share. The ex-dividend date was Friday, May 30th. This represents a $1.15 annualized dividend and a dividend yield of 6.87%.

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.