Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) Director Barry C. Huber sold 4,500 shares of Donegal Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.70, for a total value of $70,650.00. Following the transaction, the director now directly owns 14,867 shares of the company's stock, valued at approximately $233,411.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Donegal Group Stock Performance
Donegal Group stock opened at $15.90 on Wednesday. The stock has a market cap of $532.33 million, a PE ratio of 20.86 and a beta of -0.06. The company has a current ratio of 0.38, 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 $14.99 and a 200 day moving average price of $14.09. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $16.00.
Donegal Group Dividend Announcement
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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 paid a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, November 1st. Donegal Group's payout ratio is 90.79%.
Institutional Trading of Donegal Group
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Donegal Group by 34.7% in the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider's stock valued at $16,728,000 after buying an additional 304,477 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Donegal Group by 82.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider's stock valued at $1,551,000 after purchasing an additional 47,447 shares during the period. Squarepoint Ops LLC acquired a new position in Donegal Group during the second quarter worth approximately $448,000. Los Angeles Capital Management LLC raised its stake in Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock worth $520,000 after purchasing an additional 19,707 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Donegal Group by 30.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider's stock valued at $1,072,000 after purchasing an additional 17,614 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised Donegal Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 25th.
Read Our Latest Analysis on DGICA
About Donegal Group
(
Get Free Report)
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.
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