Donegal Group Inc. announced a quarterly dividend of $0.1725 for Class A and $0.155 for Class B shares.
Quiver AI Summary
Donegal Group Inc. has announced a regular quarterly cash dividend of $0.1725 per share for its Class A common stock and $0.155 per share for its Class B common stock, payable on February 18, 2025, to shareholders recorded as of February 4, 2025. The company, an insurance holding firm offering property and casualty insurance across 21 states, operates under the Donegal Insurance Group, which has an A.M. Best rating of A (Excellent). Donegal Group is focused on enhancing its financial performance, modernizing operations, and providing excellent service to agents and customers while pursuing profitable growth. Its Class A and B common stocks are traded on NASDAQ under the symbols DGICA and DGICB.
Potential Positives
- Declaration of regular quarterly cash dividends indicates financial stability and a commitment to returning value to shareholders.
- The dividends are set to be paid to stockholders of record, suggesting confidence in the company’s ongoing performance and cash flow management.
- Donegal Group Inc. operates in 21 states and holds an A.M. Best rating of A (Excellent), reflecting a strong market position and financial strength in the insurance industry.
Potential Negatives
- The declaration of a cash dividend may indicate that the company has limited growth opportunities, prompting a return of capital to shareholders instead of reinvesting in the business.
FAQ
What is the dividend declared by Donegal Group Inc.?
Donegal Group Inc. declared a quarterly cash dividend of $0.1725 for Class A and $0.155 for Class B common stock.
When will the dividends be paid to shareholders?
The dividends are payable on February 18, 2025, to stockholders of record as of February 4, 2025.
What is Donegal Group Inc. known for?
Donegal Group Inc. is known for offering property and casualty insurance in 21 states and has an A (Excellent) rating from A.M. Best.
Where does Donegal Group Inc. trade publicly?
Donegal Group Inc. trades on the NASDAQ Global Select Market under the symbols DGICA and DGICB.
What are the main strategies of Donegal Group Inc.?
The main strategies include achieving financial performance, modernizing operations, and delivering superior experiences to agents and customers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DGICA Insider Trading Activity
$DGICA insiders have traded $DGICA stock on the open market 107 times in the past 6 months. Of those trades, 71 have been purchases and 36 have been sales.
Here’s a breakdown of recent trading of $DGICA stock by insiders over the last 6 months:
- MUTUAL INSURANCE CO DONEGAL has traded it 70 times. They made 70 purchases, buying 1,057,282 shares and 0 sales.
- VINCENT ANTHONY VIOZZI (Sr. VP & Chief Inv Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 70,700 shares.
- SEWELL TREZEVANT JR MOORE sold 12,500 shares.
- KRISTI SPENCER ALTSHULER (Sr. Vice President) has traded it 4 times. They made 0 purchases and 4 sales, selling 25,761 shares.
- JON MARSHALL MAHAN sold 12,500 shares.
- CHRISTINA MARIE HOFFMAN (Sr. VP & Chief Risk Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 55,000 shares.
- JEFFREY DEAN MILLER (EVP & Chief Financial Officer) sold 85,000 shares.
- DANIEL J WAGNER (Sr. VP & Treasurer) has traded it 2 times. They made 0 purchases and 2 sales, selling 75,000 shares.
- WILLIAM ALBERT FOLMAR (Sr. Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 45,000 shares.
- KEVIN GERARD BURKE (President & Chief Exec Officer) sold 90,000 shares.
- WILLIAM DANIEL DELAMATER (EVP & Chief Oper Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 20,000 shares.
- SANJAY PANDEY (Sr. VP & Chief Info Officer) has traded it 5 times. They made 0 purchases and 5 sales, selling 75,000 shares.
- BARRY C HUBER has traded it 2 times. They made 0 purchases and 2 sales, selling 7,000 shares.
- DENNIS JOSEPH BIXENMAN has traded it 2 times. They made 0 purchases and 2 sales, selling 12,500 shares.
- JACK LEE HESS purchased 5,000 shares.
- DAVID WAYNE SPONIC (Senior Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 22,000 shares.
- NOLAND RONE JR DEAS (Senior Vice President) has traded it 3 times. They made 0 purchases and 3 sales, selling 8,433 shares.
- DAVID BENJAMIN BAWEL (SVP & CHIEF ACCOUNTING OFFICER) sold 9,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DGICA Hedge Fund Activity
We have seen 38 institutional investors add shares of $DGICA stock to their portfolio, and 51 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MORGAN STANLEY added 97,857 shares (+56.1%) to their portfolio in Q3 2024
- VANGUARD GROUP INC removed 73,048 shares (-7.1%) from their portfolio in Q3 2024
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 54,820 shares (-22.6%) from their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC added 53,820 shares (+inf%) to their portfolio in Q3 2024
- CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 47,447 shares (+82.1%) to their portfolio in Q3 2024
- BLACKROCK, INC. removed 42,255 shares (-2.6%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 29,234 shares (+53.7%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MARIETTA, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.1725 per share of the Company’s Class A common stock and $0.155 per share of the Company’s Class B common stock. The dividends are payable on February 18, 2025 to stockholders of record as of the close of business on February 4, 2025.
About Donegal Group Inc.
Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in 21 Mid-Atlantic, Midwestern, Southern and Southwestern states. Donegal Mutual Insurance Company and its insurance subsidiaries conduct business together with the insurance subsidiaries of Donegal Group Inc. as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).
The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. The Company is focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing its operations and processes to transform its business, capitalizing on opportunities to grow profitably and delivering a superior experience to its agents and customers.
Investor Relations Contact
Karin Daly
Vice President, The Equity Group Inc.
Phone: (212) 836-9623
E-mail:
kdaly@equityny.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
