Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) Director Sells 4,500 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber sold 4,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.70, for a total transaction of $70,650.00. Following the completion of the transaction, the director now directly owns 14,867 shares in the company, valued at approximately $233,411.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Donegal Group Stock Down 0.1 %

Shares of NASDAQ:DGICA opened at $15.89 on Thursday. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $16.00. The stock has a market cap of $532.00 million, a P/E ratio of 20.91 and a beta of -0.06. The business has a fifty day moving average of $15.00 and a two-hundred day moving average of $14.11. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, November 1st. Donegal Group’s dividend payout ratio is currently 90.79%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Donegal Group during the second quarter worth $27,000. EntryPoint Capital LLC purchased a new position in shares of Donegal Group during the 1st quarter worth $137,000. BNP Paribas Financial Markets increased its position 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 worth $147,000 after purchasing an additional 5,757 shares during the last quarter. Hsbc Holdings PLC raised its holdings in 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 buying an additional 2,250 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Donegal Group in the second quarter valued at about $448,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.