Sanjay Pandey Sells 19,756 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 19,756 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $16.59, for a total transaction of $327,752.04. Following the completion of the sale, the vice president now owns 6,871 shares in the company, valued at $113,989.89. This represents a 74.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sanjay Pandey also recently made the following trade(s):

• On Tuesday, November 26th, Sanjay Pandey sold 3,766 shares of Donegal Group stock. The stock was sold at an average price of $16.50, for a total value of $62,139.00.
• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The shares were sold at an average price of $15.50, for a total value of $542,500.00.

Donegal Group Trading Down 0.8 %

Donegal Group stock opened at $16.65 on Wednesday. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $17.00. The firm has a market capitalization of $564.44 million, a price-to-earnings ratio of 21.91 and a beta of -0.03. The firm has a 50 day moving average of $15.34 and a 200 day moving average of $14.41. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Institutional Investors Weigh In On Donegal Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P lifted its position in shares of Donegal Group by 4.2% in the third 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. Innealta Capital LLC bought a new position in Donegal Group during the second quarter valued at $27,000. Hsbc Holdings PLC grew its stake in shares of 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. Foundry Partners LLC increased its holdings in shares of Donegal Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after buying an additional 2,310 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 buying an additional 4,933 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.