Donegal Group Inc. (NASDAQ:DGICA) VP Sells $250,262.40 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP William Albert Folmar sold 12,576 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $19.90, for a total transaction of $250,262.40. Following the completion of the transaction, the vice president now owns 950 shares in the company, valued at $18,905. The trade was a 92.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

William Albert Folmar also recently made the following trade(s):

• On Wednesday, May 14th, William Albert Folmar sold 4,274 shares of Donegal Group stock. The stock was sold at an average price of $19.82, for a total transaction of $84,710.68.
• On Monday, March 10th, William Albert Folmar sold 6,017 shares of Donegal Group stock. The stock was sold at an average price of $17.97, for a total transaction of $108,125.49.

Donegal Group Stock Performance

Shares of NASDAQ DGICA opened at $20.66 on Friday. The firm has a fifty day moving average price of $18.91 and a 200-day moving average price of $16.82. 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 cap of $736.30 million, a PE ratio of 13.59 and a beta of -0.05. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $20.85.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.38. The firm had revenue of $245.57 million during the quarter, compared to analysts’ expectations of $248.73 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Equities analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a $0.1825 dividend. The ex-dividend date was Thursday, May 1st. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.53%. Donegal Group’s dividend payout ratio is 35.61%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Donegal Group from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Friday, April 25th.

Institutional Trading of Donegal Group

A number of hedge funds and other institutional investors have recently modified their holdings of DGICA. KLP Kapitalforvaltning AS purchased a new position in Donegal Group during the fourth quarter valued at $68,000. CWM LLC grew its stake in Donegal Group by 78.0% during the first quarter. CWM LLC now owns 5,163 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 2,263 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Donegal Group by 47.4% during the first quarter. Russell Investments Group Ltd. now owns 5,225 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 1,681 shares in the last quarter. SG Americas Securities LLC purchased a new position in Donegal Group during the fourth quarter valued at $128,000. Finally, BNP Paribas Financial Markets grew its stake in Donegal Group by 117.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after acquiring an additional 4,544 shares in the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.