David Wayne Sponic Sells 5,537 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) SVP David Wayne Sponic sold 5,537 shares of Donegal Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $18.17, for a total value of $100,607.29. Following the completion of the transaction, the senior vice president now owns 2,006 shares in the company, valued at $36,449.02. The trade was a 73.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

David Wayne Sponic also recently made the following trade(s):

• On Thursday, March 6th, David Wayne Sponic sold 6,000 shares of Donegal Group stock. The stock was sold at an average price of $17.99, for a total value of $107,940.00.

Donegal Group Stock Up 0.4 %

Shares of NASDAQ:DGICA opened at $18.20 on Friday. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $18.26. The stock has a 50-day simple moving average of $15.67 and a 200-day simple moving average of $15.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $616.91 million, a P/E ratio of 11.97 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.39. The company had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Equities analysts forecast that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Tuesday, February 4th. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s payout ratio is currently 45.39%.

Institutional Investors Weigh In On Donegal Group

Several institutional investors and hedge funds have recently modified their holdings of DGICA. KLP Kapitalforvaltning AS purchased a new position in shares of Donegal Group in the fourth quarter valued at $68,000. SG Americas Securities LLC acquired a new position in Donegal Group in the 4th quarter worth $128,000. BNP Paribas Financial Markets boosted its position 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 buying an additional 4,544 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Donegal Group during the fourth quarter valued at about $162,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Donegal Group during the fourth quarter worth about $177,000. 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.