Donegal Group (NASDAQ:DGICA) Stock: Insider Kristi Spencer Altshuler Sells 6,000 Shares

Donegal Group, Inc. (NASDAQ:DGICA) VP Kristi Altshuler sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $19.01, for a total transaction of $114,060.00. Following the sale, the vice president directly owned 6,000 shares of the company’s stock, valued at approximately $114,060. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA traded up $0.10 during midday trading on Friday, hitting $19.06. The company had a trading volume of 121,251 shares, compared to its average volume of 112,779. Donegal Group, Inc. has a 12-month low of $16.11 and a 12-month high of $21.06. The company has a fifty day moving average of $18.66 and a two-hundred day moving average of $18.15. The company has a market cap of $713.23 million, a price-to-earnings ratio of 10.19 and a beta of -0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.40 and a quick ratio of 0.39.

Donegal Group (NASDAQ:DGICA) last released its earnings results on Thursday, October 29th. The insurance provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Donegal Group had a return on equity of 10.45% and a net margin of 7.24%. The company had revenue of $237.66 million for the quarter, compared to the consensus estimate of $214.12 million. On average, equities research analysts expect that Donegal Group, Inc. will post 1.75 EPS for the current fiscal year.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 annualized dividend and a dividend yield of 4.0%. Donegal Group’s dividend payout ratio (DPR) is 41.18%.

Analyst Ratings Changes

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

Institutional Trading of Donegal Group

Several institutional investors and hedge funds have recently modified their holdings of DGICA. Dimensional Fund Advisors LP lifted its stake in shares of Donegal Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after buying an additional 7,345 shares in the last quarter. Renaissance Technologies LLC increased its stake in Donegal Group by 5.8% in 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 increased its stake in Donegal Group by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock worth $4,746,000 after buying an additional 80,614 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Donegal Group by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 166,616 shares of the insurance provider’s stock worth $2,862,000 after buying an additional 9,075 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in 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 period. 27.96% of the stock is currently owned by institutional investors.

Donegal Group Company Profile

Donegal Group Inc. is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its offerings include personal lines such as automobile and homeowners insurance, as well as commercial coverage for businesses, including commercial automobile, workers’ compensation and package policies. The company distributes its products primarily through independent insurance agencies. Its operations serve customers in the Mid-Atlantic region and other parts of the eastern, southern and Midwestern United States.