Donegal Group, Inc. (NASDAQ:DGICA) Director Jack Lee Hess acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of $16.78 per share, with a total value of $33,560.00. Following the transaction, the director now directly owns 4,489 shares of the company’s stock, valued at approximately $75,325.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Donegal Group, Inc. (NASDAQ:DGICA) traded down $0.24 during mid-day trading on Friday, hitting $17.29. The stock had a trading volume of 108,226 shares, compared to its average volume of 23,706. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $472.38 million, a PE ratio of 37.59 and a beta of 0.28.
Donegal Group (NASDAQ:DGICA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Donegal Group had a net margin of 2.13% and a return on equity of 2.82%. The firm had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. equities analysts expect that Donegal Group, Inc. will post 0.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.24%. Donegal Group’s dividend payout ratio is 98.25%.
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Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Donegal Group by 0.4% in the second quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 40 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Donegal Group by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,211 shares of the insurance provider’s stock worth $640,000 after purchasing an additional 323 shares during the last quarter. Hancock Holding Co. grew its stake in shares of Donegal Group by 4.4% in the second quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 480 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Donegal Group by 2.5% in the second quarter. First Eagle Investment Management LLC now owns 50,703 shares of the insurance provider’s stock worth $806,000 after purchasing an additional 1,240 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Donegal Group by 0.7% in the second quarter. State Street Corp now owns 203,048 shares of the insurance provider’s stock worth $3,230,000 after purchasing an additional 1,473 shares during the last quarter. 29.48% of the stock is currently owned by institutional investors.
DGICA has been the subject of several research analyst reports. Keefe, Bruyette & Woods set a $18.00 price objective on Donegal Group and gave the stock a “hold” rating in a research report on Thursday, August 17th. BidaskClub upgraded Donegal Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Boenning Scattergood reiterated a “hold” rating on shares of Donegal Group in a research report on Thursday, July 20th. Zacks Investment Research upgraded Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday. Finally, TheStreet cut Donegal Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.67.
Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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