Key Points
- Director Barry Craig Huber sold 4,500 Donegal Group shares at an average price of $19.43, generating $87,435 and reducing his holdings by 21.36% to 16,567 shares.
- Donegal Group reported quarterly EPS of $0.53, beating estimates of $0.42, while revenue reached $241.12 million versus expectations of $231.53 million.
- The company pays a quarterly dividend of $0.1925 per share, equivalent to an annualized $0.77 and a 4.0% yield; analysts maintain a consensus “Hold” rating with a $20 target price.
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) VP Vincent Viozzi sold 2,282 shares of Donegal Group stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $19.50, for a total value of $44,499.00. Following the transaction, the vice president owned 5,861 shares in the company, valued at approximately $114,289.50. This trade represents a 28.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Donegal Group Trading Up 0.2%
Shares of DGICA stock opened at $19.45 on Friday. The stock has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $17.93. The stock has a market capitalization of $721.96 million, a P/E ratio of 10.08 and a beta of -0.01. Donegal Group, Inc. has a fifty-two week low of $16.11 and a fifty-two week 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.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 EPS for the quarter, topping 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 firm had revenue of $241.12 million for the quarter, compared to analysts' expectations of $231.53 million. On average, sell-side analysts expect that Donegal Group, Inc. will post 1.75 earnings per share for the current fiscal year.
Donegal Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.1925 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.77 annualized dividend and a yield of 4.0%. Donegal Group's dividend payout ratio is currently 39.90%.
Institutional Investors Weigh In On Donegal Group
Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Donegal Group by 576.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the insurance provider's stock worth $55,000 after purchasing an additional 2,341 shares during the period. EverSource Wealth Advisors LLC raised its stake in Donegal Group by 422.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the insurance provider's stock valued at $74,000 after purchasing an additional 2,975 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of 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 purchasing an additional 896 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Donegal Group by 1,377.6% in the fourth quarter. IFP Advisors Inc now owns 3,768 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 3,513 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Donegal Group by 443.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the insurance provider's stock worth $99,000 after buying an additional 4,022 shares during the period. Hedge funds and other institutional investors own 27.96% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on DGICA shares. Keefe, Bruyette & Woods upped their price target on Donegal Group from $18.00 to $20.00 and gave the company a "market perform" rating in a report 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 given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.00.
View Our Latest Analysis on DGICA
Donegal Group Company Profile
(
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.
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