Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) SVP David Wayne Sponic sold 5,537 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $36,449.02. The trade was a 73.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 stock was sold at an average price of $17.99, for a total value of $107,940.00.
Donegal Group Price Performance
Donegal Group stock opened at $18.20 on Friday. The stock's fifty day moving average price is $15.67 and its two-hundred day moving average price is $15.50. Donegal Group Inc. has a one year low of $12.26 and a one year high of $18.26. 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 PE ratio of 11.97 and a beta of -0.04.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The business had revenue of $249.70 million during the quarter, compared to analysts' expectations of $250.61 million. As a group, research analysts expect that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.
Donegal Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were paid a $0.1725 dividend. 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 dividend yield of 3.79%. Donegal Group's dividend payout ratio is presently 45.39%.
Institutional Investors Weigh In On Donegal Group
Large investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new position in Donegal Group in the fourth quarter worth approximately $68,000. SG Americas Securities LLC purchased a new stake in shares of Donegal Group during the fourth quarter valued at approximately $128,000. BNP Paribas Financial Markets increased its position in 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 buying an additional 4,544 shares during the last quarter. XTX Topco Ltd purchased a new stake in Donegal Group in the fourth quarter worth $162,000. Finally, Private Advisor Group LLC purchased a new stake in Donegal Group in the fourth quarter worth $177,000. Institutional investors and hedge funds 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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