William Albert Folmar Sells 6,017 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar sold 6,017 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $17.97, for a total value of $108,125.49. Following the completion of the transaction, the vice president now directly owns 950 shares of the company’s stock, valued at $17,071.50. This represents a 86.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donegal Group Trading Up 2.4 %

DGICA opened at $18.13 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. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $18.25. The company’s 50 day moving average price is $15.61 and its two-hundred day moving average price is $15.48. The firm has a market capitalization of $614.53 million, a price-to-earnings ratio of 11.93 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. As a group, research analysts predict that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The business also recently disclosed 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 represents a $0.69 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is 45.39%.

Institutional Trading of Donegal Group

Several institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in Donegal Group during the 4th quarter worth approximately $68,000. SG Americas Securities LLC acquired a new stake in shares of Donegal Group during the fourth quarter worth $128,000. BNP Paribas Financial Markets increased its position in shares of Donegal Group by 117.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock worth $130,000 after buying an additional 4,544 shares during the period. XTX Topco Ltd bought a new position in Donegal Group during the fourth quarter worth $162,000. Finally, Private Advisor Group LLC bought a new stake in Donegal Group during the fourth quarter valued at $177,000. 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.