Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) VP Sells 30,000 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Christina Marie Hoffman sold 30,000 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.82, for a total value of $474,600.00. Following the sale, the vice president now owns 4,289 shares in the company, valued at $67,851.98. This represents a 87.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Donegal Group Price Performance

Shares of DGICA stock traded down $0.05 on Friday, reaching $15.79. The company's stock had a trading volume of 93,673 shares, compared to its average volume of 57,627. The company has a market capitalization of $528.65 million, a P/E ratio of 21.01 and a beta of -0.06. 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 12-month low of $12.26 and a 12-month high of $16.00. The stock's 50 day simple moving average is $15.02 and its 200-day simple moving average is $14.13.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.172 per share. The ex-dividend date is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.36%. Donegal Group's dividend payout ratio (DPR) is currently 90.79%.

Institutional Trading of Donegal Group

Several large investors have recently modified their holdings of DGICA. Innealta Capital LLC purchased a new stake in Donegal Group in the second quarter worth about $27,000. EntryPoint Capital LLC purchased a new position in shares of Donegal Group during the first quarter valued at approximately $137,000. BNP Paribas Financial Markets lifted its holdings in shares of Donegal Group by 125.0% during the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider's stock valued at $147,000 after purchasing an additional 5,757 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Donegal Group by 4.2% during the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider's stock valued at $329,000 after purchasing an additional 902 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider's stock valued at $389,000 after purchasing an additional 2,250 shares during the last quarter. 27.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Donegal Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 25th.

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.