Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Sanjay Pandey sold 5,915 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $18.01, for a total value of $106,529.15. Following the sale, the vice president now owns 7,449 shares in the company, valued at approximately $134,156.49. This trade represents a 44.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Donegal Group Trading Up 2.4 %
NASDAQ DGICA opened at $18.13 on Friday. The firm's fifty day moving average price is $15.61 and its 200 day moving average price is $15.48. The company has a market capitalization of $614.53 million, a price-to-earnings ratio of 11.93 and a beta of -0.04. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $18.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38.
Donegal Group (NASDAQ:DGICA - Get Free Report) last released its earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.30 by $0.39. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The company had revenue of $249.70 million during the quarter, compared to analysts' expectations of $250.61 million. On average, sell-side analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.
Donegal Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a $0.1725 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's payout ratio is currently 45.39%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in Donegal Group during the 4th quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new position in Donegal Group in the fourth quarter worth approximately $128,000. BNP Paribas Financial Markets raised its position in shares of Donegal Group by 117.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider's stock worth $130,000 after purchasing an additional 4,544 shares during the period. XTX Topco Ltd acquired a new stake in Donegal Group during the 4th quarter worth about $162,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Donegal Group in the 4th quarter valued at approximately $177,000. Hedge funds and other institutional investors own 27.96% of the company's stock.
Donegal Group Company Profile
(
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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