Key Points
- EVP William Daniel Delamater sold 9,000 shares on March 3 at an average of $17.63 for a total of $158,670, cutting his ownership by 81.73% to 2,012 shares (worth ~$35,472).
- Donegal missed quarterly expectations, reporting $0.50 EPS (vs. $0.52 est.) and $240.14M revenue (vs. $241.10M), while the stock traded around $17.21—below its 50‑day and 200‑day averages—with a consensus target of $19.50 (Moderate Buy).
- The company pays a quarterly dividend of $0.1825 ($0.73 annual, ~4.2% yield) and shows valuation metrics of a $630.6M market cap and a P/E of 7.86.
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) EVP William Daniel Delamater sold 9,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $17.63, for a total value of $158,670.00. Following the completion of the sale, the executive vice president owned 2,012 shares in the company, valued at $35,471.56. The trade was a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Donegal Group Stock Performance
Donegal Group stock traded down $0.38 during midday trading on Friday, reaching $17.21. 18,970 shares of the stock traded hands, compared to its average volume of 117,735. The firm has a fifty day moving average price of $18.80 and a two-hundred day moving average price of $19.12. The firm has a market cap of $630.57 million, a price-to-earnings ratio of 7.86 and a beta of 0.05. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. Donegal Group, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $21.12.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The insurance provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). Donegal Group had a net margin of 8.11% and a return on equity of 12.99%. The business had revenue of $240.14 million for the quarter, compared to analyst estimates of $241.10 million. On average, equities research analysts forecast that Donegal Group, Inc. will post 1.2 earnings per share for the current year.
Donegal Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.1825 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $0.73 annualized dividend and a dividend yield of 4.2%. Donegal Group's dividend payout ratio (DPR) is 33.33%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Donegal Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their target price on shares of Donegal Group from $21.00 to $19.50 and set a "market perform" rating on the stock in a report on Friday, February 20th. Finally, Zacks Research cut shares of Donegal Group from a "strong-buy" rating to a "hold" rating in a report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.50.
Read Our Latest Stock Analysis on DGICA
Institutional Trading of Donegal Group
Several hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC purchased a new position in shares of Donegal Group during the second quarter valued at $6,343,000. CSM Advisors LLC acquired a new stake in Donegal Group during the 2nd quarter worth about $3,699,000. Royce & Associates LP grew its stake in Donegal Group by 579.4% during the 4th quarter. Royce & Associates LP now owns 169,853 shares of the insurance provider's stock valued at $3,394,000 after acquiring an additional 144,853 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Donegal Group by 117.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 236,124 shares of the insurance provider's stock valued at $4,718,000 after purchasing an additional 127,470 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Donegal Group by 294.1% in the second quarter. American Century Companies Inc. now owns 149,611 shares of the insurance provider's stock worth $2,996,000 after purchasing an additional 111,647 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.
About Donegal Group
(
Get Free Report)
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.
Further Reading
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