Donegal Group (NASDAQ:DGICA) VP Sanjay Pandey Sells 1,070 Shares of Stock

Donegal Group, Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 1,070 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $19.52, for a total value of $20,886.40. Following the transaction, the vice president owned 8,697 shares of the company’s stock, valued at approximately $169,765.44. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Donegal Group Price Performance

Shares of Donegal Group stock opened at $18.73 on Tuesday. The firm has a market cap of $695.26 million, a PE ratio of 10.02 and a beta of -0.03. The business’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $18.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. Donegal Group, Inc. has a 52-week low of $16.11 and a 52-week high of $21.06.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Thursday, October 29th. The insurance provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $237.66 million during the quarter, compared to the consensus estimate of $214.12 million. Donegal Group had a return on equity of 10.49% and a net margin of 7.24%. On average, analysts predict that Donegal Group, Inc. will post 1.75 earnings per share for the current fiscal year.

Donegal Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 2nd. Donegal Group’s payout ratio is currently 41.18%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DGICA. Weiss Ratings upgraded shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. Zacks Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Donegal Group has an average rating of “Hold” and a consensus target price of $20.00.

Institutional Trading of Donegal Group

Several institutional investors and hedge funds have recently bought and sold shares of DGICA. Virtus Advisers LLC grew its stake in Donegal Group by 16.8% in the third quarter. Virtus Advisers LLC now owns 9,866 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 1,417 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Donegal Group by 68.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 22,747 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 9,266 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Donegal Group by 6.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,290 shares of the insurance provider’s stock worth $379,000 after purchasing an additional 1,336 shares in the last quarter. State of Wyoming bought a new stake in shares of Donegal Group during the 3rd quarter worth approximately $177,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of Donegal Group by 3.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 96,138 shares of the insurance provider’s stock worth $1,710,000 after purchasing an additional 3,264 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its offerings include personal lines such as automobile and homeowners insurance, as well as commercial coverage for businesses, including commercial automobile, workers’ compensation and package policies.

The company distributes its products primarily through independent insurance agencies. Its operations serve customers in the Mid-Atlantic region and other parts of the eastern, southern and Midwestern United States.

Donegal Group was organized in 1986 as a publicly traded affiliate of Donegal Mutual Insurance Company, whose roots date to the late 19th century.