David Benjamin Bawel Sells 9,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) CAO David Benjamin Bawel sold 9,000 shares of Donegal Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total value of $139,500.00. Following the sale, the chief accounting officer now directly owns 19,665 shares in the company, valued at approximately $304,807.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA traded down $0.01 during midday trading on Friday, hitting $15.15. The company had a trading volume of 50,992 shares, compared to its average volume of 55,108. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $507.22 million, a price-to-earnings ratio of 19.93 and a beta of -0.06. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.84. The company has a fifty day moving average of $14.93 and a two-hundred day moving average of $14.01.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.172 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.54%. Donegal Group's payout ratio is presently 90.79%.

Institutional Investors Weigh In On Donegal Group

A number of institutional investors have recently bought and sold shares of DGICA. Vanguard Group Inc. boosted its holdings in shares of Donegal Group by 34.7% during the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider's stock valued at $16,728,000 after purchasing an additional 304,477 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Donegal Group in the 1st quarter valued at about $137,000. Empowered Funds LLC lifted 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 valued at $1,573,000 after acquiring an additional 8,400 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Donegal Group by 125.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider's stock valued at $147,000 after acquiring an additional 5,757 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Donegal Group by 95.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock valued at $520,000 after acquiring an additional 19,707 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Donegal Group from a "buy" rating to a "strong-buy" rating in a research report 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.