Insider Selling: Donegal Group (NASDAQ:DGICA) Director Sells $90,090.00 in Stock

Donegal Group, Inc. (NASDAQ:DGICA) Director Kevin Michael Sr Kraft, Sr. sold 4,500 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $20.02, for a total value of $90,090.00. Following the transaction, the director owned 13,436 shares in the company, valued at $268,988.72. This trade represents a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donegal Group Trading Up 0.7%

Shares of NASDAQ DGICA traded up $0.14 during trading on Wednesday, reaching $20.24. The stock had a trading volume of 23,006 shares, compared to its average volume of 129,734. 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 company has a market cap of $741.71 million, a P/E ratio of 8.51 and a beta of 0.01. Donegal Group, Inc. has a fifty-two week low of $14.17 and a fifty-two week high of $21.12. The business’s 50-day moving average price is $19.32 and its 200-day moving average price is $18.95.

Donegal Group (NASDAQ:DGICA) last released its earnings results on Thursday, October 30th. The insurance provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.15. Donegal Group had a return on equity of 14.33% and a net margin of 8.33%.The company had revenue of $245.92 million during the quarter, compared to the consensus estimate of $244.19 million. On average, equities research analysts predict that Donegal Group, Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 3rd. Donegal Group’s payout ratio is presently 30.17%.

Hedge Funds Weigh In On Donegal Group

Several hedge funds have recently bought and sold shares of DGICA. Jacobs Levy Equity Management Inc. raised its position in shares of Donegal Group by 2.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 135,410 shares of the insurance provider’s stock worth $2,626,000 after buying an additional 3,100 shares in the last quarter. Virtus Advisers LLC purchased a new position in Donegal Group in the 3rd quarter worth approximately $144,000. Qube Research & Technologies Ltd increased its holdings in shares of Donegal Group by 1.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 132,848 shares of the insurance provider’s stock worth $2,576,000 after buying an additional 1,274 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Donegal Group by 8.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,215 shares of the insurance provider’s stock valued at $237,000 after buying an additional 1,000 shares in the last quarter. Finally, Mariner LLC bought a new stake in shares of Donegal Group during the 3rd quarter worth $262,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Analysts Set New Price Targets

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

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.