Donegal Group Inc. (NASDAQ:DGICA) CAO Sells $139,500.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) CAO David Benjamin Bawel sold 9,000 shares of Donegal Group stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $15.50, for a total transaction of $139,500.00. Following the transaction, the chief accounting officer now directly owns 19,665 shares in the company, valued at $304,807.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Donegal Group Stock Performance

DGICA stock opened at $15.15 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The firm has a market cap of $507.22 million, a PE ratio of 19.93 and a beta of -0.06. The business has a 50 day moving average of $14.93 and a 200-day moving average of $14.02. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.84.

Donegal Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.172 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.54%. Donegal Group’s dividend payout ratio (DPR) is presently 90.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th.

Institutional Investors Weigh In On Donegal Group

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Donegal Group by 34.7% in the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock worth $16,728,000 after purchasing an additional 304,477 shares during the period. Bank of New York Mellon Corp increased its position in Donegal Group by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after buying an additional 5,416 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Donegal Group by 8.2% in the first quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock valued at $1,573,000 after buying an additional 8,400 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Donegal Group by 30.3% during 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 buying an additional 17,614 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Donegal Group by 95.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 19,707 shares during the period. 27.96% of the stock is currently owned by institutional investors.

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.