Donegal Group Inc. (NASDAQ:DGICA) Director Sells $201,875.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Jon Marshall Mahan sold 12,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $16.15, for a total transaction of $201,875.00. Following the completion of the transaction, the director now owns 8,988 shares of the company’s stock, valued at $145,156.20. This trade represents a 58.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Donegal Group Trading Up 1.3 %

NASDAQ DGICA opened at $16.47 on Thursday. The stock’s 50 day moving average is $15.51 and its 200 day moving average is $14.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $558.33 million, a PE ratio of 21.68 and a beta of -0.03. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $17.00.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Friday, November 1st. Donegal Group’s dividend payout ratio is presently 90.79%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Donegal Group by 38.7% during the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after purchasing an additional 18,132 shares in the last quarter. Geode Capital Management LLC grew 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 worth $5,371,000 after buying an additional 4,933 shares during the last quarter. Martingale Asset Management L P increased its position in Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after buying an additional 902 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Donegal Group by 39.2% during 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 buying an additional 17,125 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after acquiring an additional 2,310 shares in the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.