Donegal Group Inc. (NASDAQ:DGICA) VP Christina Marie Hoffman Sells 30,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Christina Marie Hoffman sold 30,000 shares of Donegal Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.82, for a total transaction of $474,600.00. Following the completion of the sale, the vice president now owns 4,289 shares of the company’s stock, valued at $67,851.98. This represents a 87.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Donegal Group Stock Down 0.3 %

Donegal Group stock opened at $15.79 on Friday. Donegal Group Inc. has a one year low of $12.26 and a one year high of $16.00. The stock has a fifty day moving average of $15.04 and a 200 day moving average of $14.15. 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 stock has a market cap of $528.65 million, a PE ratio of 20.78 and a beta of -0.06.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s payout ratio is currently 90.79%.

Analyst Upgrades and Downgrades

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.

Hedge Funds Weigh In On Donegal Group

Several institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P raised 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 purchasing an additional 902 shares during the period. Innealta Capital LLC purchased a new stake in Donegal Group in the second quarter worth about $27,000. Hsbc Holdings PLC raised its stake in shares of Donegal Group by 7.8% in the second 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 during the period. Foundry Partners LLC lifted its position in shares of Donegal Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after buying an additional 2,310 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after acquiring an additional 4,933 shares during the period. Institutional investors own 27.96% of the company’s stock.

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.