Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) EVP Sells 12,000 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) EVP William Daniel Delamater sold 12,000 shares of Donegal Group stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total value of $213,240.00. Following the completion of the sale, the executive vice president now directly owns 1,495 shares in the company, valued at approximately $26,566.15. This represents a 88.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Donegal Group Stock Down 0.5 %

Shares of Donegal Group stock opened at $17.90 on Friday. The firm has a market cap of $606.74 million, a PE ratio of 11.78 and a beta of -0.05. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $18.19. The business’s 50 day simple moving average is $15.42 and its 200 day simple moving average is $15.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.39. The firm 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 predict that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.1725 per share. This is a positive change 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 3.85%. Donegal Group’s payout ratio is 45.39%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DGICA. KLP Kapitalforvaltning AS bought a new position in shares of Donegal Group during the 4th quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in shares of Donegal Group during the 4th quarter worth approximately $128,000. BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 117.2% during the 4th 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 during the period. XTX Topco Ltd bought a new position in shares of Donegal Group during the 4th quarter worth approximately $162,000. Finally, Private Advisor Group LLC bought a new position in shares of Donegal Group during the 4th quarter worth approximately $177,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

About Donegal Group

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.