Donegal Group Inc. (NASDAQ:DGICA) VP Sells $108,125.49 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar sold 6,017 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $17.97, for a total value of $108,125.49. Following the transaction, the vice president now directly owns 950 shares in the company, valued at approximately $17,071.50. This represents a 86.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donegal Group Stock Performance

NASDAQ DGICA opened at $17.71 on Thursday. 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 52-week low of $12.26 and a 52-week high of $18.19. The business’s 50-day moving average price is $15.55 and its 200 day moving average price is $15.46. The firm has a market cap of $600.30 million, a P/E ratio of 11.65 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The firm had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. On average, equities research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.90%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is currently 45.39%.

Institutional Investors Weigh In On Donegal Group

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Donegal Group by 3.0% in the 4th quarter. Bank of America Corp DE now owns 29,572 shares of the insurance provider’s stock valued at $457,000 after purchasing an additional 871 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Donegal Group by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 223,593 shares of the insurance provider’s stock valued at $3,459,000 after purchasing an additional 897 shares in the last quarter. Martingale Asset Management L P boosted its holdings in 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 purchasing an additional 902 shares in the last quarter. Corton Capital Inc. boosted its holdings in Donegal Group by 7.4% in the 4th quarter. Corton Capital Inc. now owns 16,101 shares of the insurance provider’s stock valued at $249,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Donegal Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 44,492 shares of the insurance provider’s stock valued at $688,000 after purchasing an additional 1,773 shares in the last quarter. Hedge funds and other institutional investors 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.