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 on Thursday, November 5th. The shares were 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 in the company, valued at approximately $169,765.44. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donegal Group Stock Performance

Shares of DGICA stock opened at $18.73 on Monday. The business has a fifty day moving average of $18.70 and a 200 day moving average of $18.14. Donegal Group, Inc. has a 1 year low of $16.11 and a 1 year high of $21.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $695.26 million, a price-to-earnings ratio of 10.02 and a beta of -0.03.

Donegal Group (NASDAQ:DGICA) last posted its quarterly 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. The business had revenue of $237.66 million for the quarter, compared to the consensus estimate of $214.12 million. Donegal Group had a return on equity of 10.49% and a net margin of 7.24%. As a group, research analysts expect that Donegal Group, Inc. will post 1.75 earnings per share for the current year.

Donegal Group Announces Dividend

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

Wall Street Analyst Weigh In

DGICA has been the topic of several research reports. Zacks Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Weiss Ratings upgraded shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Donegal Group currently has a consensus rating of “Hold” and an average price target of $20.00.

Hedge Funds Weigh In On Donegal Group

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in Donegal Group by 214.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,889 shares of the insurance provider’s stock worth $105,000 after buying an additional 4,016 shares in the last quarter. IFP Advisors Inc increased its holdings in Donegal Group by 27.8% in the second quarter. IFP Advisors Inc now owns 9,214 shares of the insurance provider’s stock valued at $174,000 after buying an additional 2,004 shares in the last quarter. State of Wyoming purchased a new position in Donegal Group in the third quarter valued at $177,000. Amundi purchased a new position in Donegal Group in the first quarter valued at $206,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Donegal Group in the second quarter worth about $220,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Donegal Group Company Profile

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.