Key Points
- Donegal Group VP Kristi Spencer Altshuler sold 12,000 shares on Dec. 1 at an average price of $20.25, a transaction of about $243,000 disclosed in an SEC filing.
- The company reported quarterly EPS of $0.52, beating estimates by $0.15 with revenue of $245.9M, and recently declared a dividend that annualizes to 3.7% yield ($0.73/year).
- Analyst opinions are mixed: MarketBeat shows an average rating of Buy but a consensus price target of $18.00, below the recent share price near $19.93.
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) VP Kristi Spencer Altshuler sold 12,000 shares of Donegal Group stock in a transaction on Monday, December 1st. The stock was sold at an average price of $20.25, for a total transaction of $243,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Donegal Group Stock Performance
NASDAQ DGICA opened at $19.93 on Thursday. The company's fifty day moving average is $19.42 and its two-hundred day moving average is $18.96. The firm has a market capitalization of $730.28 million, a price-to-earnings ratio of 8.24 and a beta of 0.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group, Inc. has a 52-week low of $14.17 and a 52-week high of $21.12.
Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.15. Donegal Group had a return on equity of 14.28% and a net margin of 8.72%.The business had revenue of $245.92 million for the quarter, compared to analysts' expectations of $244.19 million. Equities research analysts forecast that Donegal Group, Inc. will post 1.2 EPS for the current year.
Donegal Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.1825 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.73 dividend on an annualized basis and a yield of 3.7%. Donegal Group's dividend payout ratio is 30.17%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on DGICA. Wall Street Zen cut shares of Donegal Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research upgraded Donegal Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Janney Montgomery Scott upgraded shares of Donegal Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Donegal Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $18.00.
View Our Latest Report on DGICA
Institutional Trading of Donegal Group
A number of large investors have recently added to or reduced their stakes in DGICA. Hsbc Holdings PLC increased its holdings in shares of Donegal Group by 21.4% during the 1st quarter. Hsbc Holdings PLC now owns 47,551 shares of the insurance provider's stock worth $936,000 after acquiring an additional 8,394 shares during the last quarter. Creative Planning lifted its holdings in Donegal Group by 22.5% during the 2nd quarter. Creative Planning now owns 151,135 shares of the insurance provider's stock worth $3,026,000 after purchasing an additional 27,757 shares during the last quarter. CWM LLC boosted its stake in Donegal Group by 21.9% in the 2nd quarter. CWM LLC now owns 6,293 shares of the insurance provider's stock valued at $126,000 after purchasing an additional 1,130 shares during the period. XTX Topco Ltd grew its stake in shares of Donegal Group by 56.8% in the first quarter. XTX Topco Ltd now owns 16,387 shares of the insurance provider's stock valued at $322,000 after acquiring an additional 5,935 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Donegal Group in the 1st quarter worth about $825,000. Institutional investors and hedge funds own 27.96% of the company's stock.
Donegal Group Company Profile
(
Get Free Report)
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.
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