Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater Sells 12,000 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater sold 12,000 shares of Donegal Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total transaction of $213,240.00. Following the completion of the sale, the executive vice president now owns 1,495 shares in the company, valued at approximately $26,566.15. This represents a 88.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Donegal Group Trading Up 0.7 %

Shares of NASDAQ:DGICA opened at $17.94 on Thursday. The company has a market cap of $608.09 million, a PE ratio of 11.80 and a beta of -0.05. The company’s 50-day moving average price is $15.32 and its 200 day moving average price is $15.35. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $18.19. 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 (NASDAQ:DGICA) last released its earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.30 by $0.39. The firm had revenue of $249.70 million for the quarter, compared to analysts’ expectations of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Sell-side analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.69 annualized dividend and a yield of 3.85%. Donegal Group’s dividend payout ratio (DPR) is presently 45.39%.

Hedge Funds Weigh In On Donegal Group

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Donegal Group by 167.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,905 shares of the insurance provider’s stock worth $200,000 after purchasing an additional 8,071 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Donegal Group by 9.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,254 shares of the insurance provider’s stock worth $1,025,000 after buying an additional 5,487 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Donegal Group by 15.4% during the fourth quarter. Squarepoint Ops LLC now owns 41,810 shares of the insurance provider’s stock worth $647,000 after buying an additional 5,568 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Donegal Group by 7.4% during the fourth quarter. Two Sigma Advisers LP now owns 49,200 shares of the insurance provider’s stock worth $761,000 after buying an additional 3,400 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Donegal Group by 87.6% during the fourth quarter. Two Sigma Investments LP now owns 89,437 shares of the insurance provider’s stock worth $1,384,000 after buying an additional 41,763 shares in the last quarter. Institutional investors and hedge funds 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.