Sanjay Pandey Sells 3,766 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Sanjay Pandey sold 3,766 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $16.50, for a total transaction of $62,139.00. Following the completion of the sale, the vice president now owns 6,871 shares in the company, valued at approximately $113,371.50. This trade represents a 35.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Sanjay Pandey also recently made the following trade(s):

• On Thursday, October 31st, Sanjay Pandey sold 35,000 shares of Donegal Group stock. The stock was sold at an average price of $15.50, for a total transaction of $542,500.00.

Donegal Group Price Performance

DGICA stock opened at $16.43 on Thursday. Donegal Group Inc. has a one year low of $12.26 and a one year high of $16.65. The firm has a 50-day moving average of $15.18 and a two-hundred day moving average of $14.30. The firm has a market capitalization of $556.91 million, a PE ratio of 21.62 and a beta of -0.06. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Friday, November 1st. Donegal Group’s payout ratio is 90.79%.

Institutional Trading of Donegal Group

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC purchased a new position in Donegal Group during the second quarter valued at approximately $27,000. Martingale Asset Management L P boosted its stake in shares of Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after buying an additional 902 shares during the period. Hsbc Holdings PLC increased its stake in shares of Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after acquiring an additional 2,250 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Donegal Group during the second quarter worth $448,000. Finally, Los Angeles Capital Management LLC boosted its position 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 valued at $520,000 after purchasing an additional 19,707 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Analysts Set New Price Targets

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