Donegal Group Inc. (NASDAQ:DGICA) CFO Jeffrey Dean Miller Sells 85,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) CFO Jeffrey Dean Miller sold 85,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.67, for a total transaction of $1,416,950.00. Following the completion of the transaction, the chief financial officer now owns 22,613 shares in the company, valued at approximately $376,958.71. The trade was a 78.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Donegal Group Price Performance

Shares of NASDAQ:DGICA opened at $16.26 on Wednesday. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The business has a 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $14.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market cap of $551.21 million, a price-to-earnings ratio of 21.40 and a beta of -0.03.

Donegal Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Hedge Funds Weigh In On Donegal Group

A number of hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of Donegal Group during the 2nd quarter valued at about $27,000. Martingale Asset Management L P increased its position in shares of Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 902 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Donegal Group by 7.8% during 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 during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Donegal Group during the 2nd quarter valued at about $448,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Donegal Group by 95.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 19,707 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.