Donegal Group Inc. (NASDAQ:DGICA) Director Sewell Trezevant Moore, Jr. Sells 12,500 Shares

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) Director Sewell Trezevant Moore, Jr. sold 12,500 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $202,250.00. Following the completion of the transaction, the director now owns 25,655 shares in the company, valued at $415,097.90. The trade was a 32.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Donegal Group Price Performance

Shares of DGICA traded down $0.10 during trading hours on Friday, hitting $16.33. The stock had a trading volume of 126,024 shares, compared to its average volume of 62,660. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $17.00. The stock has a market capitalization of $553.59 million, a price-to-earnings ratio of 21.49 and a beta of -0.03. The company's fifty day moving average is $15.63 and its two-hundred day moving average is $14.57. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38.

Donegal Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.172 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.21%. Donegal Group's dividend payout ratio (DPR) is presently 90.79%.

Institutional Investors Weigh In On Donegal Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Donegal Group by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider's stock valued at $1,669,000 after buying an additional 5,416 shares during the last quarter. Innealta Capital LLC acquired a new stake in Donegal Group in the second quarter worth about $27,000. Los Angeles Capital Management LLC raised its holdings in Donegal Group by 95.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock worth $520,000 after purchasing an additional 19,707 shares during the last quarter. Hsbc Holdings PLC lifted its position in Donegal Group by 7.8% during the 2nd 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 period. Finally, Squarepoint Ops LLC bought a new position in shares of Donegal Group in the 2nd quarter valued at about $448,000. Institutional investors own 27.96% of the company's stock.

Analyst Ratings Changes

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

About Donegal Group

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.