Donegal Group Inc. (NASDAQ:DGICA) VP Sells $106,529.15 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 5,915 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $18.01, for a total transaction of $106,529.15. Following the transaction, the vice president now directly owns 7,449 shares of the company’s stock, valued at $134,156.49. The trade was a 44.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Donegal Group Stock Up 0.4 %

DGICA opened at $18.20 on Friday. The company has a market capitalization of $616.91 million, a PE ratio of 11.97 and a beta of -0.04. The firm has a 50-day simple moving average of $15.67 and a two-hundred day simple moving average of $15.51. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $18.26.

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

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.79%. The ex-dividend date was Tuesday, February 4th. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s payout ratio is currently 45.39%.

Hedge Funds Weigh In On Donegal Group

Institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in Donegal Group during the fourth quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new stake in Donegal Group during the 4th quarter valued at $128,000. BNP Paribas Financial Markets lifted its position in Donegal Group by 117.2% in 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 last quarter. XTX Topco Ltd purchased a new position in Donegal Group during the fourth quarter worth $162,000. Finally, Private Advisor Group LLC bought a new position in Donegal Group during the fourth quarter valued at $177,000. 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.