Donegal Group Inc. (NASDAQ:DGICA) EVP Sells $161,260.32 in Stock

Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater sold 9,616 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.77, for a total value of $161,260.32. Following the completion of the sale, the executive vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $23,125.83. This trade represents a 87.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Donegal Group Trading Down 0.8 %

Donegal Group stock traded down $0.13 during mid-day trading on Wednesday, reaching $16.65. 120,676 shares of the company traded hands, compared to its average volume of 61,204. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $17.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The firm’s 50 day moving average price is $15.34 and its 200 day moving average price is $14.41. The firm has a market capitalization of $564.44 million, a price-to-earnings ratio of 21.91 and a beta of -0.03.

Donegal Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s payout ratio is presently 90.79%.

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in Donegal Group in the 2nd quarter worth approximately $27,000. Martingale Asset Management L P grew its holdings in shares of Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 902 shares during the period. Hsbc Holdings PLC increased 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 valued at $389,000 after buying an additional 2,250 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Donegal Group during the second quarter valued at approximately $448,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Donegal Group by 95.2% in the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 19,707 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Donegal Group Company Profile

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.