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

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 3,766 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $16.50, for a total transaction of $62,139.00. Following the sale, the vice president now 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 transaction was disclosed in a document filed with the SEC, which is available 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 value of $542,500.00.

Donegal Group Price Performance

DGICA opened at $16.43 on Friday. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $16.65. The company has a market cap of $556.98 million, a price-to-earnings ratio of 21.62 and a beta of -0.06. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $14.32.

Donegal Group Announces Dividend

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

Institutional Investors Weigh In On Donegal Group

Several hedge funds have recently added to or reduced their stakes in DGICA. Innealta Capital LLC purchased a new stake in Donegal Group during the 2nd quarter valued at $27,000. Martingale Asset Management L P increased its holdings in Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after buying an additional 902 shares in the last quarter. Hsbc Holdings PLC increased its holdings in 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 buying an additional 2,250 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Donegal Group in the 2nd quarter worth about $448,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Donegal Group by 95.2% in the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock worth $520,000 after acquiring an additional 19,707 shares during the period. 27.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.