Donegal Group Inc. (NASDAQ:DGICA) Director Barry C. Huber Sells 4,500 Shares

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

Donegal Group Price Performance

Donegal Group stock opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.39. The business has a 50 day simple moving average of $14.99 and a 200-day simple moving average of $14.09. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $16.00. The stock has a market capitalization of $532.33 million, a PE ratio of 20.86 and a beta of -0.06.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 4.33%. Donegal Group’s payout ratio is currently 90.79%.

Institutional Trading of Donegal Group

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Donegal Group by 34.7% in the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock valued at $16,728,000 after buying an additional 304,477 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Donegal Group in the first quarter valued at $137,000. Empowered Funds LLC boosted its position in shares of Donegal Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock worth $1,573,000 after purchasing an additional 8,400 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Donegal Group by 125.0% during the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 5,757 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Donegal Group by 95.2% in 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 in the last quarter. 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 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.