Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey Sells 35,000 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 35,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total transaction of $542,500.00. Following the sale, the vice president now directly owns 6,871 shares of the company’s stock, valued at $106,500.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Donegal Group Stock Down 0.1 %

Shares of Donegal Group stock opened at $15.15 on Friday. The company has a fifty day moving average price of $14.93 and a 200 day moving average price of $14.01. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $15.84. The stock has a market cap of $507.28 million, a price-to-earnings ratio of 19.93 and a beta of -0.06.

Donegal Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.172 per share. The ex-dividend date 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 90.79%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Donegal Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Donegal Group in the 2nd quarter valued at about $27,000. EntryPoint Capital LLC purchased a new position in Donegal Group in the 1st quarter valued at about $137,000. BNP Paribas Financial Markets raised its stake in shares of Donegal Group by 125.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 5,757 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Donegal Group by 7.8% in the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Donegal Group in the 2nd quarter valued at about $448,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.