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

Donegal Group Inc. (NASDAQ:DGICA) Director Sewell Trezevant Moore, Jr. sold 12,500 shares of the business’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 value of $202,250.00. Following the sale, the director now owns 25,655 shares of the company’s stock, valued at approximately $415,097.90. This trade represents a 32.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Donegal Group Price Performance

Shares of Donegal Group stock traded down $0.17 on Friday, hitting $16.26. 45,019 shares of the company were exchanged, compared to its average volume of 62,323. The stock has a market capitalization of $551.21 million, a price-to-earnings ratio of 21.62 and a beta of -0.03. The company has a 50-day moving average price of $15.59 and a 200 day moving average price of $14.55. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $17.00. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s dividend payout ratio is presently 90.79%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 purchasing an additional 47,447 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Donegal Group during the second quarter worth $448,000. Los Angeles Capital Management LLC lifted its stake in Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock worth $520,000 after purchasing an additional 19,707 shares in the last quarter. Barclays PLC lifted its stake in Donegal Group by 38.7% during the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after purchasing an additional 18,132 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Donegal Group by 39.2% during 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 worth $896,000 after acquiring an additional 17,125 shares during the period. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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