Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) Director Sells 4,500 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.70, for a total value of $70,650.00. Following the completion of the sale, the director now owns 14,867 shares in the company, valued at approximately $233,411.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Donegal Group Price Performance

Shares of NASDAQ:DGICA traded down $0.05 during midday trading on Tuesday, reaching $15.85. 42,431 shares of the company’s stock traded hands, compared to its average volume of 55,986. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $16.00. The company has a market cap of $530.66 million, a P/E ratio of 20.86 and a beta of -0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.38. The company has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $14.09.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.172 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.34%. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Donegal Group in the 2nd quarter valued at $27,000. Hsbc Holdings PLC increased 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 worth $389,000 after acquiring an additional 2,250 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Donegal Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after acquiring an additional 2,310 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Donegal Group by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after acquiring an additional 5,416 shares during the last quarter. Finally, BNP Paribas Financial Markets increased 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 worth $147,000 after acquiring an additional 5,757 shares during the last quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.