Christina Marie Hoffman Sells 30,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Christina Marie Hoffman sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.82, for a total value of $474,600.00. Following the sale, the vice president now owns 4,289 shares in the company, valued at $67,851.98. The trade was a 87.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Donegal Group Trading Down 0.3 %

Donegal Group stock opened at $15.79 on Friday. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $16.00. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $528.65 million, a price-to-earnings ratio of 20.78 and a beta of -0.06. The firm has a 50-day moving average price of $15.04 and a two-hundred day moving average price of $14.16.

Donegal Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.172 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.36%. Donegal Group’s dividend payout ratio is presently 90.79%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Donegal Group

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in Donegal Group in the 2nd quarter valued at about $27,000. EntryPoint Capital LLC bought a new position in shares of Donegal Group in the first quarter valued at approximately $137,000. BNP Paribas Financial Markets increased its stake 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 valued at $147,000 after acquiring an additional 5,757 shares during the period. Martingale Asset Management L P increased its stake in shares of Donegal Group by 4.2% during the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 902 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 2,250 shares in the last quarter. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.