Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar Sells 12,576 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar sold 12,576 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $19.90, for a total transaction of $250,262.40. Following the completion of the sale, the vice president now owns 950 shares in the company, valued at approximately $18,905. The trade was a 92.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

William Albert Folmar also recently made the following trade(s):

• On Wednesday, May 14th, William Albert Folmar sold 4,274 shares of Donegal Group stock. The stock was sold at an average price of $19.82, for a total transaction of $84,710.68.
• On Monday, March 10th, William Albert Folmar sold 6,017 shares of Donegal Group stock. The stock was sold at an average price of $17.97, for a total transaction of $108,125.49.

Donegal Group Trading Up 3.6%

Shares of Donegal Group stock opened at $20.44 on Friday. The firm has a market capitalization of $728.46 million, a PE ratio of 13.45 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The company’s fifty day moving average price is $18.85 and its two-hundred day moving average price is $16.78. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $20.51.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Thursday, April 24th. The insurance provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.34 by $0.38. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The company had revenue of $245.57 million for the quarter, compared to the consensus estimate of $248.73 million. On average, analysts expect that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.1825 per share. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, May 1st. This represents a $0.73 annualized dividend and a yield of 3.57%. Donegal Group’s dividend payout ratio is 35.61%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Donegal Group from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Friday, April 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Donegal Group by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,804,968 shares of the insurance provider’s stock worth $27,923,000 after purchasing an additional 27,213 shares during the last quarter. Vanguard Group Inc. boosted its position in Donegal Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 946,432 shares of the insurance provider’s stock worth $18,578,000 after acquiring an additional 19,174 shares during the last quarter. Renaissance Technologies LLC boosted its position in Donegal Group by 29.5% during the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider’s stock worth $6,638,000 after acquiring an additional 97,795 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Donegal Group by 13.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,692 shares of the insurance provider’s stock valued at $5,255,000 after buying an additional 31,946 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Donegal Group by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 223,593 shares of the insurance provider’s stock valued at $3,459,000 after buying an additional 897 shares during the last quarter. Institutional investors and hedge funds 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.