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

Key Points

• Donegal Group VP Kristi Spencer Altshuler sold 6,000 shares at an average price of $19.01, a $114,060 transaction that cut her position in half.
• Donegal reported quarterly EPS of $0.50, topping the $0.44 consensus, and revenue of $237.66 million versus expectations of $214.12 million.
• The company declared a quarterly dividend of $0.1925 per share, equivalent to $0.77 annually and a 4.1% yield; analyst consensus on the stock was “Hold.”

Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) VP Kristi Altshuler sold 6,000 shares of the business'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 value of $114,060.00. Following the sale, the vice president owned 6,000 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Donegal Group Stock Performance

Shares of DGICA opened at $18.95 on Thursday. The company has a market capitalization of $703.42 million, a price-to-earnings ratio of 10.13 and a beta of -0.03. Donegal Group, Inc. has a 52-week low of $16.11 and a 52-week high of $21.06. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $18.68 and a 200 day moving average price of $18.15.

Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The insurance provider reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $237.66 million for the quarter, compared to analysts' expectations of $214.12 million. Donegal Group had a net margin of 7.24% and a return on equity of 10.45%. Research analysts predict that Donegal Group, Inc. will post 1.75 EPS for the current fiscal year.

Donegal Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 2nd. Donegal Group's dividend payout ratio (DPR) is currently 41.18%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Donegal Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 28th. Zacks Research raised Donegal Group from a "strong sell" rating to a "hold" rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.00.

Institutional Investors Weigh In On Donegal Group

Several large investors have recently modified their holdings of DGICA. Nisa Investment Advisors LLC increased its holdings in shares of Donegal Group by 214.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,889 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 4,016 shares during the period. IFP Advisors Inc boosted its stake in Donegal Group by 27.8% during the 2nd quarter. IFP Advisors Inc now owns 9,214 shares of the insurance provider's stock worth $174,000 after purchasing an additional 2,004 shares during the period. Virtus Advisers LLC grew its position in Donegal Group by 16.8% during the 3rd 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 during the last quarter. State of Wyoming purchased a new position in Donegal Group during the 3rd quarter worth $177,000. Finally, Amundi purchased a new position in Donegal Group during the 1st quarter worth $206,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Donegal Group Company Profile

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.

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