Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber Sells 2,500 Shares

Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $16.60, for a total value of $41,500.00. Following the completion of the transaction, the director now owns 14,867 shares of the company’s stock, valued at $246,792.20. The trade was a 14.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Donegal Group Trading Down 1.3 %

DGICA stock opened at $16.49 on Friday. 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 company has a market capitalization of $559.01 million, a price-to-earnings ratio of 21.70 and a beta of -0.03. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $17.00. The business has a 50 day simple moving average of $15.45 and a two-hundred day simple moving average of $14.46.

Donegal Group Announces Dividend

The company also recently announced 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 of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.17%. Donegal Group’s dividend payout ratio is currently 90.79%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its position in shares of Donegal Group by 38.7% during the 3rd quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after acquiring an additional 18,132 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after acquiring an additional 4,933 shares during the last quarter. Martingale Asset Management L P lifted its position in 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 buying an additional 902 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Donegal Group by 39.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock worth $896,000 after buying an additional 17,125 shares during the last quarter. Finally, Foundry Partners LLC lifted its position in Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after buying an additional 2,310 shares during the last quarter. 27.96% of the stock is currently owned by institutional investors.

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.