William Daniel Delamater Sells 8,696 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) EVP William Daniel Delamater sold 8,696 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $19.78, for a total transaction of $172,006.88. Following the completion of the sale, the executive vice president now directly owns 1,495 shares in the company, valued at approximately $29,571.10. The trade was a 85.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

William Daniel Delamater also recently made the following trade(s):

• On Wednesday, May 21st, William Daniel Delamater sold 304 shares of Donegal Group stock. The shares were sold at an average price of $20.50, for a total transaction of $6,232.00.
• On Tuesday, March 4th, William Daniel Delamater sold 12,000 shares of Donegal Group stock. The stock was sold at an average price of $17.77, for a total transaction of $213,240.00.

Donegal Group Price Performance

Shares of DGICA traded down $0.12 during mid-day trading on Thursday, reaching $19.90. The stock had a trading volume of 532 shares, compared to its average volume of 87,151. The firm has a market cap of $718.15 million, a price-to-earnings ratio of 13.12 and a beta of -0.05. The business has a fifty day moving average of $19.22 and a 200 day moving average of $17.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $21.12.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.38. The firm had revenue of $245.57 million for the quarter, compared to the consensus estimate of $248.73 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Equities analysts predict that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from Donegal Group's previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.67%. Donegal Group's dividend payout ratio (DPR) is currently 35.61%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on shares of Donegal Group from $17.00 to $18.00 and gave the company a "market perform" rating in a research report on Friday, April 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Donegal Group during the fourth quarter worth approximately $68,000. 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 acquiring an additional 2,263 shares during the period. Russell Investments Group Ltd. grew its position in Donegal Group by 47.4% in the first quarter. Russell Investments Group Ltd. now owns 5,225 shares of the insurance provider's stock worth $103,000 after acquiring an additional 1,681 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Donegal Group during the 4th quarter worth $128,000. Finally, BNP Paribas Financial Markets boosted its holdings in Donegal Group by 117.2% in the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider's stock valued at $130,000 after purchasing an additional 4,544 shares during the period. Hedge funds and other 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.