Kristi Spencer Altshuler Sells 15,239 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Kristi Spencer Altshuler sold 15,239 shares of Donegal Group stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $19.38, for a total transaction of $295,331.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Donegal Group Trading Down 1.0 %

DGICA stock traded down $0.19 during trading on Friday, hitting $19.72. The company had a trading volume of 75,128 shares, compared to its average volume of 83,143. The stock has a market cap of $702.80 million, a PE ratio of 12.97 and a beta of -0.05. The business has a 50-day moving average of $18.69 and a 200-day moving average of $16.65. 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 Inc. has a one year low of $12.26 and a one year high of $20.51.

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

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.1825 dividend. The ex-dividend date is Thursday, May 1st. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 3.70%. Donegal Group's dividend payout ratio (DPR) is 35.61%.

Institutional Investors Weigh In On Donegal Group

Several institutional investors and hedge funds have recently made changes to their positions in DGICA. Geode Capital Management LLC boosted its stake in Donegal Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock worth $5,371,000 after acquiring an additional 4,933 shares in the last quarter. Barclays PLC grew its stake in shares of Donegal Group by 38.7% in the 3rd quarter. Barclays PLC now owns 64,952 shares of the insurance provider's stock valued at $957,000 after buying an additional 18,132 shares during the period. SG Americas Securities LLC bought a new stake in Donegal Group in the 4th quarter valued at about $128,000. Bleakley Financial Group LLC bought a new stake in Donegal Group in the 4th quarter valued at about $244,000. Finally, Private Advisor Group LLC bought a new position in Donegal Group in the fourth quarter worth approximately $177,000. Institutional investors own 27.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on Donegal Group from $17.00 to $18.00 and gave the stock a "market perform" rating in a research report on Friday, April 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.