Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP William Albert Folmar sold 6,017 shares of Donegal Group stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $17.97, for a total transaction of $108,125.49. Following the transaction, the vice president now directly owns 950 shares in the company, valued at $17,071.50. This represents a 86.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Donegal Group Price Performance
Shares of DGICA stock traded up $0.20 on Tuesday, hitting $17.77. 2,116 shares of the stock traded hands, compared to its average volume of 72,274. The firm has a market cap of $602.16 million, a price-to-earnings ratio of 11.66 and a beta of -0.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $15.46 and a two-hundred day simple moving average of $15.42. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $18.19.
Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The business had revenue of $249.70 million for the quarter, compared to the consensus estimate of $250.61 million. As a group, equities research analysts predict that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.
Donegal Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a $0.1725 dividend. This is an increase from Donegal Group's previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Tuesday, February 4th. Donegal Group's payout ratio is currently 45.39%.
Institutional Trading of Donegal Group
Hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Donegal Group by 124.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider's stock worth $3,647,000 after buying an additional 130,489 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Donegal Group by 29.5% during the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider's stock valued at $6,638,000 after buying an additional 97,795 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Donegal Group by 351.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 107,951 shares of the insurance provider's stock valued at $1,670,000 after buying an additional 84,029 shares during the period. Millennium Management LLC boosted its stake in Donegal Group by 170.8% during the fourth quarter. Millennium Management LLC now owns 103,296 shares of the insurance provider's stock worth $1,598,000 after buying an additional 65,146 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Donegal Group by 137.8% during the 4th quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider's stock worth $1,615,000 after purchasing an additional 60,491 shares during the period. Hedge funds and other institutional investors own 27.96% of the company's stock.
About Donegal Group
(
Get Free Report)
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.
Further Reading
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