Key Points
- CAO David Benjamin Bawel sold 674 shares on Dec. 11 at an average price of $20.39 for $13,742.86, leaving him with 21,336 shares (a 3.06% reduction); the sale was disclosed in an SEC Form 4 filing.
- Donegal Group recently beat quarterly EPS estimates ($0.52 vs. $0.37) on $245.9M revenue and trades with a market cap of about $752.95M and a P/E of 8.49.
- The company pays a quarterly dividend of $0.1825 (annualized $0.73) for a yield of 3.6% and carries an average analyst rating of "Buy" with a $18.00 average price target, while institutional investors own roughly 28% of the stock.
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) CAO David Benjamin Bawel sold 674 shares of the firm's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $20.39, for a total value of $13,742.86. Following the sale, the chief accounting officer owned 21,336 shares of the company's stock, valued at $435,041.04. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Donegal Group Trading Up 0.9%
NASDAQ:DGICA opened at $20.55 on Tuesday. The stock has a market cap of $752.95 million, a price-to-earnings ratio of 8.49 and a beta of 0.04. Donegal Group, Inc. has a one year low of $14.17 and a one year high of $21.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39. The business's 50-day simple moving average is $19.53 and its 200 day simple moving average is $18.94.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 earnings per share 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 firm had revenue of $245.92 million during the quarter, compared to analyst estimates of $244.19 million. As a group, sell-side analysts predict that Donegal Group, Inc. will post 1.2 earnings per share for the current fiscal year.
Donegal Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, November 3rd. Donegal Group's dividend payout ratio is 30.17%.
Analyst Ratings Changes
Several research analysts have weighed in on DGICA shares. Zacks Research raised shares of Donegal Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Donegal Group in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott upgraded Donegal Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $18.00.
Get Our Latest Research Report on DGICA
Institutional Investors Weigh In On Donegal Group
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Donegal Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 946,432 shares of the insurance provider's stock worth $18,578,000 after acquiring an additional 19,174 shares during the period. Deutsche Bank AG grew its holdings in shares of Donegal Group by 566.5% during the first quarter. Deutsche Bank AG now owns 12,863 shares of the insurance provider's stock valued at $253,000 after purchasing an additional 10,933 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Donegal Group by 18.4% during the first quarter. Invesco Ltd. now owns 40,999 shares of the insurance provider's stock valued at $805,000 after purchasing an additional 6,377 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Donegal Group during the 1st quarter worth approximately $556,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Donegal Group by 47.4% in the 1st quarter. Russell Investments Group Ltd. now owns 5,225 shares of the insurance provider's stock worth $103,000 after purchasing an additional 1,681 shares during the last quarter. Institutional investors own 27.96% of the company's stock.
About Donegal Group
(
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.
Further Reading
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