Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic Sells 5,537 Shares

Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic sold 5,537 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $18.17, for a total value of $100,607.29. Following the completion of the sale, the senior vice president now directly owns 2,006 shares in the company, valued at approximately $36,449.02. This represents a 73.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

David Wayne Sponic also recently made the following trade(s):

• On Thursday, March 6th, David Wayne Sponic sold 6,000 shares of Donegal Group stock. The shares were sold at an average price of $17.99, for a total value of $107,940.00.

Donegal Group Price Performance

Shares of DGICA stock opened at $18.20 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market cap of $616.91 million, a price-to-earnings ratio of 11.97 and a beta of -0.04. The stock’s fifty day simple moving average is $15.67 and its 200 day simple moving average is $15.50. Donegal Group Inc. has a one year low of $12.26 and a one year high of $18.26.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. The company had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio is 45.39%.

Institutional Investors Weigh In On Donegal Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new stake in Donegal Group in the fourth quarter valued at about $68,000. SG Americas Securities LLC bought a new stake in shares of Donegal Group in the fourth quarter worth about $128,000. BNP Paribas Financial Markets increased its holdings in shares of Donegal Group by 117.2% in the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock worth $130,000 after acquiring an additional 4,544 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Donegal Group in the fourth quarter worth about $162,000. Finally, Private Advisor Group LLC bought a new stake in shares of Donegal Group in the fourth quarter worth about $177,000. Institutional investors own 27.96% of the company’s stock.

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.