Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey Sells 9,538 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 9,538 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.56, for a total value of $157,949.28. Following the completion of the sale, the vice president now owns 6,871 shares in the company, valued at $113,783.76. This represents a 58.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sanjay Pandey also recently made the following trade(s):

• On Friday, November 29th, Sanjay Pandey sold 19,756 shares of Donegal Group stock. The shares were sold at an average price of $16.59, for a total value of $327,752.04.
• On Tuesday, November 26th, Sanjay Pandey sold 3,766 shares of Donegal Group stock. The stock was sold at an average price of $16.50, for a total value of $62,139.00.
• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The shares were sold at an average price of $15.50, for a total value of $542,500.00.

Donegal Group Trading Down 0.4 %

DGICA opened at $16.59 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The business’s 50 day moving average price is $15.38 and its 200 day moving average price is $14.42. Donegal Group Inc. has a one year low of $12.26 and a one year high of $17.00. The stock has a market capitalization of $562.40 million, a PE ratio of 21.83 and a beta of -0.03.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.172 dividend. This represents a $0.69 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is presently 90.79%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Donegal Group

Several hedge funds have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in shares of Donegal Group during the 2nd quarter worth approximately $27,000. Martingale Asset Management L P lifted its holdings in shares of Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 902 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Donegal Group by 7.8% during the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after acquiring an additional 2,250 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Donegal Group in the 2nd quarter worth $448,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Donegal Group by 95.2% in the 2nd 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 last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.