Sewell Trezevant Moore, Jr. Sells 4,500 Shares of Donegal Group (NASDAQ:DGICA) Stock

Donegal Group, Inc. (NASDAQ:DGICA) Director Sewell Trezevant Moore, Jr. sold 4,500 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $19.70, for a total value of $88,650.00. Following the sale, the director owned 26,155 shares of the company’s stock, valued at $515,253.50. This trade represents a 14.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Donegal Group Stock Up 0.5%

Donegal Group stock opened at $19.98 on Friday. Donegal Group, Inc. has a fifty-two week low of $14.17 and a fifty-two week high of $21.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s 50-day simple moving average is $19.25 and its 200 day simple moving average is $18.95. The stock has a market cap of $732.11 million, a PE ratio of 8.39 and a beta of 0.01.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.37 by $0.15. Donegal Group had a net margin of 8.33% and a return on equity of 14.33%. The firm had revenue of $245.92 million during the quarter, compared to analyst estimates of $244.19 million. Research analysts predict that Donegal Group, Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 3rd. Donegal Group’s dividend payout ratio is 30.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Janney Montgomery Scott upgraded shares of Donegal Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 2nd. Zacks Research upgraded Donegal Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Donegal Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Donegal Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Donegal Group currently has an average rating of “Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DGICA. CWM LLC raised its holdings in shares of 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 buying an additional 2,263 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Donegal Group during the 1st quarter valued at $489,000. Pinnacle Associates Ltd. acquired a new position in Donegal Group during the 1st quarter worth $714,000. XTX Topco Ltd boosted its position in Donegal Group by 56.8% during the 1st quarter. XTX Topco Ltd now owns 16,387 shares of the insurance provider’s stock worth $322,000 after acquiring an additional 5,935 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Donegal Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 946,432 shares of the insurance provider’s stock worth $18,578,000 after purchasing an additional 19,174 shares in the last quarter. 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.