Kevin Gerard Burke Sells 90,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) insider Kevin Gerard Burke sold 90,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.67, for a total transaction of $1,500,300.00. Following the transaction, the insider now directly owns 10,710 shares of the company’s stock, valued at approximately $178,535.70. This represents a 89.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donegal Group Stock Down 0.6 %

Donegal Group stock opened at $16.26 on Wednesday. The firm has a fifty day moving average price of $15.48 and a two-hundred day moving average price of $14.50. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.172 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.23%. Donegal Group’s payout ratio is 90.79%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DGICA. Vanguard Group Inc. increased its holdings in shares of Donegal Group by 34.7% during the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock worth $16,728,000 after purchasing an additional 304,477 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Donegal Group by 82.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock valued at $1,551,000 after acquiring an additional 47,447 shares during the period. Squarepoint Ops LLC bought a new stake in Donegal Group in the second quarter valued at about $448,000. Los Angeles Capital Management LLC increased its stake in 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 valued at $520,000 after acquiring an additional 19,707 shares during the period. Finally, Barclays PLC increased its stake in Donegal Group by 38.7% in the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after acquiring an additional 18,132 shares during the period. Institutional investors own 27.96% of the company’s stock.

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.