Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) Director David Charles King sold 9,000 shares of Donegal Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.33, for a total value of $173,970.00. Following the completion of the transaction, the director directly owned 3,700 shares in the company, valued at $71,521. This trade represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Donegal Group Stock Performance
NASDAQ:DGICA opened at $19.24 on Friday. The firm has a market cap of $712.84 million, a PE ratio of 9.97 and a beta of -0.01. Donegal Group, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $21.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The business has a 50 day moving average price of $18.40 and a 200-day moving average price of $17.90.
Donegal Group (NASDAQ:DGICA – Get Free Report) last issued its earnings results on Thursday, July 30th. The insurance provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.42 by $0.11. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. The company had revenue of $241.12 million for the quarter, compared to the consensus estimate of $231.53 million. Equities research analysts predict that Donegal Group, Inc. will post 1.75 earnings per share for the current year.
Donegal Group Dividend Announcement
Institutional Trading of Donegal Group
Several large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in Donegal Group by 579.4% in the 4th quarter. Royce & Associates LP now owns 169,853 shares of the insurance provider’s stock worth $3,394,000 after purchasing an additional 144,853 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Donegal Group by 41.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 80,614 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Donegal Group by 145.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,726 shares of the insurance provider’s stock valued at $1,245,000 after buying an additional 40,078 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Donegal Group by 14.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 23,406 shares of the insurance provider’s stock valued at $402,000 after buying an additional 3,006 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Donegal Group by 26.3% in the fourth quarter. Hsbc Holdings PLC now owns 35,570 shares of the insurance provider’s stock worth $710,000 after buying an additional 7,409 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on DGICA shares. Weiss Ratings raised shares of Donegal Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods raised their target price on Donegal Group from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.00.
Read Our Latest Analysis on Donegal Group
Donegal Group Company Profile
Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.
The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.
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