Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar Sells 6,017 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar sold 6,017 shares of Donegal Group stock in a transaction on Monday, March 10th. The stock was sold at an average price of $17.97, for a total value of $108,125.49. Following the sale, the vice president now owns 950 shares of the company’s stock, valued at approximately $17,071.50. This trade represents a 86.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Donegal Group Trading Up 1.1 %

DGICA traded up $0.20 on Tuesday, reaching $17.77. 2,116 shares of the company traded hands, compared to its average volume of 72,274. The company has a market cap of $602.16 million, a P/E ratio of 11.66 and a beta of -0.04. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a one year low of $12.26 and a one year high of $18.19. The firm has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.42.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. As a group, equities research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.69 annualized dividend and a dividend yield of 3.88%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is currently 45.39%.

Hedge Funds Weigh In On Donegal Group

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Donegal Group by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,804,968 shares of the insurance provider’s stock worth $27,923,000 after buying an additional 27,213 shares during the period. Renaissance Technologies LLC raised its position in shares of Donegal Group by 29.5% in the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider’s stock worth $6,638,000 after acquiring an additional 97,795 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock worth $5,371,000 after purchasing an additional 4,933 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Donegal Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after purchasing an additional 2,310 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Donegal Group by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock valued at $3,647,000 after purchasing an additional 130,489 shares in the last quarter. 27.96% of the stock is owned by hedge funds and other 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.