Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) VP Sells $157,949.28 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 9,538 shares of Donegal Group stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.56, for a total transaction of $157,949.28. Following the completion of the transaction, the vice president now owns 6,871 shares of the company’s stock, valued at $113,783.76. This trade represents a 58.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sanjay Pandey also recently made the following trade(s):

• On Friday, November 29th, Sanjay Pandey sold 19,756 shares of Donegal Group stock. The stock was sold at an average price of $16.59, for a total value of $327,752.04.
• On Tuesday, November 26th, Sanjay Pandey sold 3,766 shares of Donegal Group stock. The stock was sold at an average price of $16.50, for a total value of $62,139.00.
• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The shares were sold at an average price of $15.50, for a total value of $542,500.00.

Donegal Group Stock Performance

Shares of Donegal Group 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 firm has a 50 day simple moving average of $15.45 and a 200 day simple moving average of $14.46. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The firm has a market cap of $559.01 million, a P/E ratio of 21.70 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. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.17%. Donegal Group’s dividend payout ratio (DPR) is currently 90.79%.

Institutional Investors Weigh In On Donegal Group

A number of institutional investors and hedge funds have recently made changes to their positions in DGICA. Innealta Capital LLC acquired a new stake in Donegal Group in the second quarter worth about $27,000. Martingale Asset Management L P boosted its stake in shares of Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 902 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Donegal Group by 7.8% during the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after buying an additional 2,250 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Donegal Group during the 2nd quarter worth approximately $448,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock worth $520,000 after buying an additional 19,707 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a 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.