Sanjay Pandey Sells 5,915 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Sanjay Pandey sold 5,915 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $18.01, for a total value of $106,529.15. Following the completion of the transaction, the vice president now directly owns 7,449 shares in the company, valued at approximately $134,156.49. The trade was a 44.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donegal Group Stock Up 2.7 %

Shares of NASDAQ DGICA traded up $0.48 during trading hours on Thursday, hitting $18.19. The stock had a trading volume of 78,104 shares, compared to its average volume of 72,955. The firm's 50-day moving average price is $15.55 and its two-hundred day moving average price is $15.46. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $18.19. The company has a market capitalization of $616.70 million, a P/E ratio of 11.94 and a beta of -0.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38.

Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.30 by $0.39. The company had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Analysts anticipate that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.1725 per share. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 3.79%. The ex-dividend date was Tuesday, February 4th. Donegal Group's dividend payout ratio (DPR) is 45.39%.

Institutional Trading of Donegal Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Donegal Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock valued at $5,371,000 after acquiring an additional 4,933 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Donegal Group by 39.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider's stock valued at $896,000 after acquiring an additional 17,125 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Donegal Group by 82.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider's stock worth $1,551,000 after acquiring an additional 47,447 shares during the last quarter. SG Americas Securities LLC bought a new position in Donegal Group during the fourth quarter worth $128,000. Finally, Bleakley Financial Group LLC acquired a new position in Donegal Group during the 4th quarter valued at $244,000. Institutional investors and hedge funds own 27.96% of the company's stock.

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.

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