Donegal Group (NASDAQ:DGICA) VP Kristi Spencer Altshuler Sells 6,000 Shares of Stock

Donegal Group, Inc. (NASDAQ:DGICA) VP Kristi Altshuler sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $19.01, for a total transaction of $114,060.00. Following the completion of the transaction, the vice president directly owned 6,000 shares in the company, valued at approximately $114,060. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donegal Group Stock Up 0.1%

Shares of DGICA stock opened at $18.96 on Friday. Donegal Group, Inc. has a 12 month low of $16.11 and a 12 month high of $21.06. The stock has a market cap of $703.80 million, a P/E ratio of 10.24 and a beta of -0.03. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $18.15.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Thursday, October 29th. The insurance provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $237.66 million for the quarter, compared to the consensus estimate of $214.12 million. Donegal Group had a net margin of 7.24% and a return on equity of 10.45%. On average, research analysts expect that Donegal Group, Inc. will post 1.75 earnings per share for the current year.

Donegal Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, November 2nd. Donegal Group’s dividend payout ratio is 41.18%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Zacks Research upgraded Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Weiss Ratings raised Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.00.

Institutional Investors Weigh In On Donegal Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGICA. First Trust Advisors LP boosted its position in shares of Donegal Group by 31.7% in the third quarter. First Trust Advisors LP now owns 74,434 shares of the insurance provider’s stock worth $1,324,000 after purchasing an additional 17,915 shares during the period. Virtus Advisers LLC increased its stake in shares of Donegal Group by 16.8% in the third quarter. Virtus Advisers LLC now owns 9,866 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 1,417 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Donegal Group by 68.7% in the third quarter. Russell Investments Group Ltd. now owns 22,747 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 9,266 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Donegal Group by 6.7% in the third quarter. Commonwealth Equity Services LLC now owns 21,290 shares of the insurance provider’s stock worth $379,000 after purchasing an additional 1,336 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Donegal Group during the 3rd quarter valued at $177,000. Institutional investors own 27.96% of the company’s stock.

About Donegal Group

Donegal Group Inc. is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its offerings include personal lines such as automobile and homeowners insurance, as well as commercial coverage for businesses, including commercial automobile, workers’ compensation and package policies. The company distributes its products primarily through independent insurance agencies. Its operations serve customers in the Mid-Atlantic region and other parts of the eastern, southern and Midwestern United States.