Selective Insurance Group (SIGI) has recently been named a top dividend stock, boasting insider buying and a solid 1.69% yield. This news comes as a positive sign for investors looking for opportunities in the insurance sector.
Insider buying is often seen as a bullish indicator, as it suggests that those within the company have confidence in its future prospects. In the case of SIGI, this insider buying combined with the attractive yield makes it an appealing option for those seeking a reliable source of income.
With a strong track record of financial stability and consistent dividend payments, Selective Insurance Group is proving to be a solid choice for investors looking to add a dividend stock to their portfolio. Its 1.69% yield is competitive compared to other options in the market, making it an attractive option for income-focused investors.
Overall, Selective Insurance Group’s recent recognition as a top dividend stock with insider buying highlights its potential for long-term growth and income generation. Investors looking to capitalize on this opportunity may want to consider adding SIGI to their investment portfolio.