Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey Sells 3,766 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 3,766 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $16.50, for a total transaction of $62,139.00. Following the transaction, the vice president now directly owns 6,871 shares of the company’s stock, valued at approximately $113,371.50. This represents a 35.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The stock was sold at an average price of $15.50, for a total transaction of $542,500.00.

Donegal Group Stock Down 0.1 %

DGICA stock opened at $16.43 on Thursday. The firm has a fifty day moving average price of $15.18 and a two-hundred day moving average price of $14.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $16.65. The firm has a market cap of $556.91 million, a price-to-earnings ratio of 21.62 and a beta of -0.06.

Donegal Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.172 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 4.19%. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Donegal Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P grew its position in shares of Donegal Group by 4.2% during the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 902 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Donegal Group during the second quarter valued at about $27,000. Hsbc Holdings PLC lifted its holdings in Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 2,250 shares during the period. Foundry Partners LLC grew its position in Donegal Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after buying an additional 2,310 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after buying an additional 4,933 shares during the period. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.