Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) VP Sells 3,766 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 3,766 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company’s stock, valued at $113,371.50. This trade represents a 35.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $542,500.00.

Donegal Group Stock Up 1.3 %

DGICA opened at $16.64 on Friday. The business has a 50-day moving average of $15.25 and a 200-day moving average of $14.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $16.69. The company has a market capitalization of $564.10 million, a PE ratio of 21.90 and a beta of -0.06.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, November 1st. Donegal Group’s payout ratio is 90.79%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P raised its stake in shares of Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 902 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Donegal Group in the 2nd quarter valued at approximately $27,000. Hsbc Holdings PLC raised its stake in shares of Donegal Group by 7.8% in the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after acquiring an additional 2,250 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Donegal Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after acquiring an additional 2,310 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Donegal Group by 1.4% in the 3rd 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 in the last quarter. 27.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Donegal Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th.

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.