Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) Director Sells 4,500 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber sold 4,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.70, for a total value of $70,650.00. Following the sale, the director now directly owns 14,867 shares of the company’s stock, valued at $233,411.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Donegal Group Trading Down 0.3 %

Donegal Group stock traded down $0.05 during midday trading on Tuesday, reaching $15.85. 42,431 shares of the stock traded hands, compared to its average volume of 55,986. The company has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $14.09. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $16.00. The firm has a market cap of $530.66 million, a PE ratio of 20.86 and a beta of -0.06. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07.

Donegal Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Donegal Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DGICA. Innealta Capital LLC purchased a new position in shares of Donegal Group in the 2nd quarter valued at about $27,000. Hsbc Holdings PLC boosted its stake in shares of Donegal Group by 7.8% in the 2nd 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 period. 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. Bank of New York Mellon Corp boosted its stake in shares of Donegal Group by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock valued at $1,669,000 after buying an additional 5,416 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 125.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after buying an additional 5,757 shares during the period. 27.96% of the stock is currently owned by hedge funds and other 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.