Donegal Group Inc. (NASDAQ:DGICA) VP Sells $62,139.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 3,766 shares of Donegal Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $16.50, for a total value of $62,139.00. Following the sale, the vice president now directly owns 6,871 shares in the company, valued at approximately $113,371.50. The trade was a 35.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sanjay Pandey also recently made the following trade(s):

• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The stock was sold at an average price of $15.50, for a total transaction of $542,500.00.

Donegal Group Trading Up 0.7 %

NASDAQ:DGICA traded up $0.12 on Wednesday, hitting $16.56. The stock had a trading volume of 35,330 shares, compared to its average volume of 59,796. The company has a fifty day moving average price of $15.15 and a two-hundred day moving average price of $14.29. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $16.65. The stock has a market cap of $561.32 million, a price-to-earnings ratio of 21.63 and a beta of -0.06.

Donegal Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 4.15%. Donegal Group’s dividend payout ratio is currently 90.79%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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 hedge funds and other institutional investors have recently made changes to their positions in DGICA. Vanguard Group Inc. grew its holdings in Donegal Group by 34.7% in the first 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 period. Los Angeles Capital Management LLC increased 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 worth $520,000 after acquiring an additional 19,707 shares during the period. Bank of New York Mellon Corp grew its position in Donegal Group by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock valued at $1,669,000 after buying an additional 5,416 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Donegal Group during the 2nd quarter valued at about $448,000. Finally, Hsbc Holdings PLC lifted its stake in Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after buying an additional 2,250 shares in the last quarter. Hedge funds and other institutional investors 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.