Donegal Group (NASDAQ:DGICA) VP Sells $20,886.40 in Stock

Donegal Group, Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 1,070 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $19.52, for a total value of $20,886.40. Following the completion of the transaction, the vice president directly owned 8,697 shares of the company’s stock, valued at $169,765.44. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Donegal Group Stock Performance

Shares of DGICA stock opened at $18.73 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. Donegal Group, Inc. has a 12-month low of $16.11 and a 12-month high of $21.06. The business’s 50 day moving average is $18.70 and its two-hundred day moving average is $18.14. The company has a market capitalization of $695.26 million, a P/E ratio of 10.02 and a beta of -0.03.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, October 29th. The insurance provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $237.66 million during the quarter, compared to analysts’ expectations of $214.12 million. Donegal Group had a return on equity of 10.49% and a net margin of 7.24%. Analysts expect that Donegal Group, Inc. will post 1.75 EPS for the current fiscal year.

Donegal Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.1925 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.77 dividend on an annualized basis and a yield of 4.1%. Donegal Group’s dividend payout ratio (DPR) is currently 41.18%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Donegal Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Weiss Ratings raised shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Donegal Group by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock worth $29,846,000 after buying an additional 7,345 shares during the last quarter. Renaissance Technologies LLC increased its stake in Donegal Group by 5.8% during the 1st quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider’s stock worth $6,747,000 after buying an additional 21,500 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Donegal Group by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after acquiring an additional 80,614 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Donegal Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 166,616 shares of the insurance provider’s stock valued at $2,862,000 after acquiring an additional 9,075 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Donegal Group by 3.5% during the third quarter. Pinnacle Associates Ltd. now owns 96,138 shares of the insurance provider’s stock valued at $1,710,000 after acquiring an additional 3,264 shares during the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

About Donegal Group

Donegal Group Inc (NASDAQ: DGICA) is an insurance holding company that, through its insurance subsidiaries, provides property and casualty insurance products to individuals and businesses. The company operates under the strategic direction of Donegal Mutual Insurance Company, which owns a controlling interest in Donegal Group.

Its personal insurance offerings include automobile, homeowners, dwelling fire, farmowners and related coverage. Donegal Group also provides commercial insurance products, including businessowners, commercial automobile, commercial property and workers’ compensation coverage, along with other specialized property and casualty policies.

Founded in 1986 and headquartered in Marietta, Pennsylvania, Donegal Group serves policyholders through independent agents across a broad group of states, primarily in the Mid-Atlantic, Southern and Midwestern regions of the United States.