Donegal Group Inc. (NASDAQ:DGICA) Director Jon Marshall Mahan Sells 12,500 Shares

Donegal Group Inc. (NASDAQ:DGICA) Director Jon Marshall Mahan sold 12,500 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $16.15, for a total transaction of $201,875.00. Following the completion of the transaction, the director now owns 8,988 shares of the company’s stock, valued at approximately $145,156.20. This trade represents a 58.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Donegal Group Stock Down 0.2 %

Shares of NASDAQ:DGICA opened at $16.43 on Friday. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The firm’s 50 day moving average price is $15.55 and its 200 day moving average price is $14.54. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $556.98 million, a price-to-earnings ratio of 21.59 and a beta of -0.03.

Donegal Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.172 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.19%. Donegal Group’s payout ratio is 90.79%.

Hedge Funds Weigh In On Donegal Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its stake in Donegal Group by 38.7% during the 3rd quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after buying an additional 18,132 shares during the last quarter. Geode Capital Management LLC raised its position in Donegal Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after purchasing an additional 4,933 shares during the last quarter. Martingale Asset Management L P boosted its stake in 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 worth $329,000 after purchasing an additional 902 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Donegal Group by 39.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock worth $896,000 after purchasing an additional 17,125 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after purchasing an additional 2,310 shares during the period. Institutional investors and hedge funds 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 note on Friday, October 25th.

Donegal Group Company Profile

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.