Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater Sells 12,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater sold 12,000 shares of Donegal Group stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total transaction of $213,240.00. Following the sale, the executive vice president now directly owns 1,495 shares in the company, valued at approximately $26,566.15. The trade was a 88.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Donegal Group Trading Up 1.0 %

DGICA stock traded up $0.18 during midday trading on Wednesday, hitting $17.99. 41,364 shares of the company’s stock were exchanged, compared to its average volume of 71,037. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $18.19. The business has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $15.34. The stock has a market capitalization of $609.62 million, a PE ratio of 11.83 and a beta of -0.05. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group (NASDAQ:DGICA) last announced its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.39. The company had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. On average, sell-side analysts predict that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.1725 per share. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is currently 45.39%.

Institutional Investors Weigh In On Donegal Group

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Donegal Group by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,804,968 shares of the insurance provider’s stock valued at $27,923,000 after buying an additional 27,213 shares during the period. Renaissance Technologies LLC boosted its holdings in Donegal Group by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider’s stock valued at $6,638,000 after purchasing an additional 97,795 shares during the period. Geode Capital Management LLC grew its stake in Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock worth $5,371,000 after purchasing an additional 4,933 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of Donegal Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after buying an additional 2,310 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Donegal Group by 124.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock valued at $3,647,000 after buying an additional 130,489 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.