Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic Sells 5,537 Shares

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) SVP David Wayne Sponic sold 5,537 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $18.17, for a total transaction of $100,607.29. Following the sale, the senior vice president now owns 2,006 shares of the company's stock, valued at $36,449.02. This trade represents a 73.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Wayne Sponic also recently made the following trade(s):

• On Thursday, March 6th, David Wayne Sponic sold 6,000 shares of Donegal Group stock. The stock was sold at an average price of $17.99, for a total transaction of $107,940.00.

Donegal Group Price Performance

DGICA traded down $0.10 during midday trading on Tuesday, hitting $18.45. The company had a trading volume of 142,394 shares, compared to its average volume of 71,680. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $625.38 million, a PE ratio of 12.14 and a beta of -0.04. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $18.90. The firm's 50-day simple moving average is $15.82 and its 200-day simple moving average is $15.56.

Donegal Group (NASDAQ:DGICA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.39. The firm had revenue of $249.70 million during the quarter, compared to analysts' expectations of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Equities research analysts predict that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

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Donegal Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, February 4th. This is a boost from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's dividend payout ratio (DPR) is presently 45.39%.

Institutional Investors Weigh In On Donegal Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGICA. KLP Kapitalforvaltning AS bought a new position in shares of Donegal Group in the 4th quarter valued at about $68,000. SG Americas Securities LLC bought a new position in shares of Donegal Group in the 4th quarter valued at about $128,000. BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 117.2% in the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider's stock valued at $130,000 after purchasing an additional 4,544 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Donegal Group in the 4th quarter valued at about $162,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Donegal Group in the 4th quarter valued at about $173,000. Institutional investors and hedge funds own 27.96% of the company's stock.

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.