Donegal Group Inc. (NASDAQ:DGICA) Director Sells $202,250.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Sewell Trezevant Moore, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $202,250.00. Following the sale, the director now owns 25,655 shares of the company’s stock, valued at $415,097.90. This trade represents a 32.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Donegal Group Stock Performance

NASDAQ DGICA opened at $16.33 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $17.00. The stock has a market capitalization of $553.59 million, a price-to-earnings ratio of 21.49 and a beta of -0.03. The business’s 50 day moving average is $15.63 and its two-hundred day moving average is $14.57.

Donegal Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Donegal Group

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Donegal Group by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after acquiring an additional 5,416 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Donegal Group during the second quarter worth $27,000. Los Angeles Capital Management LLC grew its position in shares of Donegal Group by 95.2% in the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 19,707 shares during the period. Hsbc Holdings PLC grew 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 shares of Donegal Group during the 2nd quarter valued at about $448,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.