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 Donegal Group stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $16.50, for a total value of $62,139.00. Following the transaction, the vice president now owns 6,871 shares of the company’s stock, valued at $113,371.50. This represents a 35.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $542,500.00.

Donegal Group Stock Performance

NASDAQ:DGICA traded up $0.12 during midday trading on Wednesday, reaching $16.56. The stock had a trading volume of 35,330 shares, compared to its average volume of 59,796. 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 stock has a market capitalization of $561.32 million, a P/E ratio of 21.63 and a beta of -0.06. The firm’s fifty day simple moving average is $15.15 and its 200-day simple moving average is $14.29. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $16.65.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s dividend payout ratio is presently 90.79%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings 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 purchasing an additional 304,477 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Donegal Group by 30.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider’s stock valued at $1,072,000 after buying an additional 17,614 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Donegal Group by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after purchasing an additional 5,416 shares in the last quarter. Innealta Capital LLC bought a new position in Donegal Group in the second quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC raised 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 purchasing an additional 19,707 shares during the last quarter. 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.