Donegal Group Inc. (NASDAQ:DGICA) Director Sells $70,650.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) Director Barry C. Huber sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.70, for a total value of $70,650.00. Following the sale, the director now directly owns 14,867 shares of the company's stock, valued at $233,411.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donegal Group Stock Performance

DGICA remained flat at $15.90 on Tuesday. 170,710 shares of the company's stock traded hands, compared to its average volume of 56,653. Donegal Group Inc. has a one year low of $12.26 and a one year high of $16.00. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $532.33 million, a price-to-earnings ratio of 20.86 and a beta of -0.06. The business has a fifty day moving average price of $14.99 and a two-hundred day moving average price of $14.09.

Donegal Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.172 dividend. This represents a $0.69 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, November 1st. Donegal Group's dividend payout ratio is 90.79%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Donegal Group

Several large investors have recently added to or reduced their stakes in DGICA. BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 125.0% during the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider's stock worth $147,000 after buying an additional 5,757 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Donegal Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider's stock worth $1,573,000 after acquiring an additional 8,400 shares during the last quarter. Vanguard Group Inc. increased its stake in Donegal Group by 34.7% in the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider's stock valued at $16,728,000 after buying an additional 304,477 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Donegal Group in the 1st quarter valued at about $137,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Donegal Group by 30.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider's stock valued at $1,072,000 after buying an additional 17,614 shares in the last quarter. 27.96% of the stock is owned by institutional investors.

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.