Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic Sells 12,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic sold 12,000 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $15.50, for a total value of $186,000.00. Following the transaction, the senior vice president now owns 2,006 shares of the company’s stock, valued at $31,093. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Donegal Group Stock Performance

Shares of DGICA opened at $15.15 on Friday. The company has a market cap of $507.28 million, a PE ratio of 19.93 and a beta of -0.06. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $14.93 and a 200-day moving average price of $14.01. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.84.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.172 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.54%. Donegal Group’s dividend payout ratio (DPR) is presently 90.79%.

Analyst Ratings Changes

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

Institutional Trading of Donegal Group

Large investors have recently modified their holdings of the business. Innealta Capital LLC purchased a new position in shares of Donegal Group during the 2nd quarter valued at about $27,000. EntryPoint Capital LLC purchased a new position in shares of Donegal Group during the 1st quarter valued at about $137,000. BNP Paribas Financial Markets raised its holdings in shares of Donegal Group by 125.0% during the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after buying an additional 5,757 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Donegal Group by 7.8% during the 2nd 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. Finally, Squarepoint Ops LLC purchased a new position in shares of Donegal Group during the 2nd quarter valued at about $448,000. 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.