David Wayne Sponic Sells 5,537 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic sold 5,537 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $18.17, for a total value of $100,607.29. Following the completion of the sale, the senior vice president now directly owns 2,006 shares of the company’s stock, valued at approximately $36,449.02. This trade represents a 73.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

David Wayne Sponic also recently made the following trade(s):

• On Thursday, March 6th, David Wayne Sponic sold 6,000 shares of Donegal Group stock. The shares were sold at an average price of $17.99, for a total transaction of $107,940.00.

Donegal Group Trading Up 0.4 %

Shares of DGICA opened at $18.20 on Friday. The firm’s 50-day moving average is $15.67 and its two-hundred day moving average is $15.51. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $18.26. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $616.91 million, a P/E ratio of 11.97 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.39. The firm had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, research analysts predict that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.79%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio is presently 45.39%.

Institutional Trading of Donegal Group

Several institutional investors and hedge funds have recently modified their holdings of DGICA. Geode Capital Management LLC increased its position 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 purchasing an additional 4,933 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Donegal Group by 39.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock valued at $896,000 after buying an additional 17,125 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Donegal Group by 82.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock worth $1,551,000 after acquiring an additional 47,447 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Donegal Group in the 4th quarter worth approximately $128,000. Finally, Bleakley Financial Group LLC acquired a new position in Donegal Group in the 4th quarter valued at $244,000. Hedge funds and other 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.