Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) CFO Jeffrey Miller sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $19.23, for a total transaction of $403,830.00. Following the sale, the chief financial officer owned 27,176 shares of the company’s stock, valued at approximately $522,594.48. This represents a 43.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Donegal Group Trading Up 0.1%
Shares of Donegal Group stock traded up $0.02 during trading hours on Monday, hitting $19.38. The company’s stock had a trading volume of 27,742 shares, compared to its average volume of 125,350. The business has a fifty day moving average of $19.00 and a 200 day moving average of $17.97. Donegal Group, Inc. has a 1-year low of $16.11 and a 1-year high of $21.06. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.28 billion, a PE ratio of 10.04 and a beta of -0.01.
Donegal Group (NASDAQ:DGICA – Get Free Report) last posted its earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, beating 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 business had revenue of $241.12 million for the quarter, compared to analyst estimates of $231.53 million. As a group, equities analysts forecast that Donegal Group, Inc. will post 1.75 EPS for the current year.
Donegal Group Dividend Announcement
Hedge Funds Weigh In On Donegal Group
A number of institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its stake in Donegal Group by 31.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 3,733 shares of the insurance provider’s stock valued at $75,000 after buying an additional 896 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Donegal Group by 8.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,215 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 1,000 shares during the period. Qube Research & Technologies Ltd lifted its position in Donegal Group by 1.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 132,848 shares of the insurance provider’s stock valued at $2,576,000 after purchasing an additional 1,274 shares during the last quarter. Mariner LLC boosted its stake in Donegal Group by 9.9% during the 4th quarter. Mariner LLC now owns 14,874 shares of the insurance provider’s stock valued at $297,000 after purchasing an additional 1,342 shares during the period. Finally, Invesco Ltd. boosted its stake in Donegal Group by 3.3% during the 2nd quarter. Invesco Ltd. now owns 42,361 shares of the insurance provider’s stock valued at $848,000 after purchasing an additional 1,362 shares during the period. 27.96% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently issued reports on DGICA. Keefe, Bruyette & Woods increased their target price on Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Donegal Group presently has a consensus rating of “Hold” and a consensus price target of $20.00.
View Our Latest Research Report on Donegal Group
About Donegal Group
Donegal Group Inc is an insurance holding company that provides property and casualty insurance through a network of independent insurance agents. The company operates through regional insurance subsidiaries affiliated with Donegal Mutual Insurance Company and serves individuals, families, farms, and businesses.
Its personal insurance products generally include automobile, homeowners, dwelling fire, renters, and farmowners coverage. Donegal Group also offers commercial insurance, including businessowners policies, commercial automobile, commercial package, workers’ compensation, general liability, and related coverages.
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