Could Selective Insurance Group Inc (NASDAQ:SIGI) Go Up After Its Newest Short Interest Report?

Selective Insurance Group, Inc. (NASDAQ:SIGI) Logo

Investors sentiment decreased to 1.17 in 2018 Q2. Its down 0.02, from 1.19 in 2018Q1. It dropped, as 18 investors sold Selective Insurance Group, Inc. shares while 54 reduced holdings. 18 funds opened positions while 66 raised stakes. 45.23 million shares or 1.65% more from 44.49 million shares in 2018Q1 were reported.
State Of Alaska Department Of Revenue holds 19,210 shares. Vanguard Grp holds 5.74 million shares. Alliancebernstein L P has 0.06% invested in Selective Insurance Group, Inc. (NASDAQ:SIGI) for 1.57M shares. Sterling Cap Limited Liability has invested 0.24% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI). California Pub Employees Retirement Systems reported 110,412 shares. Manufacturers Life Insurance The owns 42,500 shares for 0% of their portfolio. Public Sector Pension Investment Board accumulated 37,989 shares or 0.01% of the stock. Tompkins Fincl Corporation owns 1,438 shares or 0.02% of their US portfolio. Stone Ridge Asset Mgmt Ltd Llc invested 0.04% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Riverhead Capital Mngmt Lc invested in 6,984 shares. New York State Common Retirement Fund holds 0.01% or 85,343 shares in its portfolio. New York-based Metropolitan Life Insurance Company New York has invested 0% in Selective Insurance Group, Inc. (NASDAQ:SIGI). Johnson Financial Group holds 0.01% in Selective Insurance Group, Inc. (NASDAQ:SIGI) or 1,037 shares. Bessemer Grp stated it has 0.01% of its portfolio in Selective Insurance Group, Inc. (NASDAQ:SIGI). Silvercrest Asset Mngmt Group Ltd, a New York-based fund reported 1.73M shares.

Since June 8, 2018, it had 0 insider purchases, and 3 sales for $1.26 million activity. THEBAULT J BRIAN sold $1.00 million worth of stock. 1,575 shares were sold by Morrissey Michael J., worth $100,366 on Monday, August 20.

The stock of Selective Insurance Group Inc (NASDAQ:SIGI) registered an increase of 2.76% in short interest. SIGI’s total short interest was 413,100 shares in December as published by FINRA. Its up 2.76% from 402,000 shares, reported previously. With 145,300 shares average volume, it will take short sellers 3 days to cover their SIGI’s short positions. The short interest to Selective Insurance Group Inc’s float is 0.72%.

The stock increased 1.67% or $1.09 during the last trading session, reaching $66.37. About 287,475 shares traded or 41.72% up from the average. Selective Insurance Group, Inc. (NASDAQ:SIGI) has risen 27.61% since December 2, 2017 and is uptrending. It has outperformed by 11.99% the S&P500.

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance services and products in the United States. The company has market cap of $3.91 billion. It operates in four divisions: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. It has a 24.3 P/E ratio. The companyÂ’s services and products include property insurance, which covers the financial consequences of accidental loss of an insuredÂ’s real and/or personal property; and casualty insurance 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 a result of an insuredÂ’s negligent acts, omissions, or legal liabilities.

More notable recent Selective Insurance Group, Inc. (NASDAQ:SIGI) news were published by: Nasdaq.com which released: “4 Insurance Bets for Safe Returns Amid Hurricane Concern – Nasdaq” on September 13, 2018, also Seekingalpha.com with their article: “Selective Insurance (NP) Investor Presentation – Slideshow – Seeking Alpha” published on November 12, 2017, Globenewswire.com published: “Selective Appoints George Dufala, Jr. as Executive Vice President – GlobeNewswire” on January 03, 2018. More interesting news about Selective Insurance Group, Inc. (NASDAQ:SIGI) were released by: Nasdaq.com and their article: “Earnings Season Shows Strong Revenue Momentum – Nasdaq” published on July 27, 2018 as well as Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in Arlington Asset Investment, Alexander & Baldwin, Eastman Chemical, Fiserv, Selective Insurance Group, and Guidewire Software — Emerging Consolidated Expectations, Analyst Ratings – GlobeNewswire” with publication date: October 08, 2018.

Selective Insurance Group, Inc. (NASDAQ:SIGI) Institutional Positions Chart

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