Sewell Trezevant Moore, Jr. Sells 12,500 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) Director Sewell Trezevant Moore, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $16.18, for a total transaction of $202,250.00. Following the sale, the director now owns 25,655 shares of the company’s stock, valued at $415,097.90. This represents a 32.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donegal Group Stock Down 0.6 %

Shares of NASDAQ:DGICA opened at $16.33 on Friday. The company has a market capitalization of $553.59 million, a price-to-earnings ratio of 21.49 and a beta of -0.03. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $17.00. The business has a 50-day moving average price of $15.63 and a 200 day moving average price of $14.58. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, November 1st. Donegal Group’s dividend payout ratio is presently 90.79%.

Hedge Funds Weigh In On Donegal Group

Large investors have recently made changes to their positions in the stock. 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 valued at $329,000 after purchasing an additional 902 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Donegal Group in the second quarter valued at $27,000. Hsbc Holdings PLC grew 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 valued at $389,000 after buying an additional 2,250 shares in the last quarter. Foundry Partners LLC raised 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 valued at $3,605,000 after buying an additional 2,310 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock worth $5,371,000 after acquiring an additional 4,933 shares in the last quarter. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Donegal Group from a “buy” rating to a “strong-buy” rating in a research 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.