David Benjamin Bawel Sells 9,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) CAO David Benjamin Bawel sold 9,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total value of $139,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,665 shares in the company, valued at $304,807.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Donegal Group Stock Performance

Donegal Group stock opened at $15.15 on Friday. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.84. The firm’s 50 day simple moving average is $14.93 and its 200-day simple moving average is $14.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $507.28 million, a P/E ratio of 19.93 and a beta of -0.06.

Donegal Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a yield of 4.54%. The ex-dividend date is Friday, November 1st. Donegal Group’s payout ratio is 90.79%.

Institutional Trading of Donegal Group

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of Donegal Group by 125.0% during the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 5,757 shares during the period. Empowered Funds LLC boosted its stake in shares of Donegal Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock valued at $1,573,000 after buying an additional 8,400 shares during the period. Vanguard Group Inc. boosted its stake in shares of Donegal Group by 34.7% during the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock valued at $16,728,000 after buying an additional 304,477 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Donegal Group in the first quarter worth $137,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Donegal Group by 30.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider’s stock worth $1,072,000 after acquiring an additional 17,614 shares in the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Donegal Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.