Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.89 and last traded at $15.89, with a volume of 5131 shares changing hands. The stock had previously closed at $15.71.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Donegal Group from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th.
Get Our Latest Analysis on Donegal Group
Donegal Group Stock Performance
The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.39. The business's 50-day moving average is $14.97 and its 200-day moving average is $14.07. The company has a market capitalization of $525.64 million, a PE ratio of 20.66 and a beta of -0.06.
Donegal Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Friday, November 1st. Donegal Group's payout ratio is 90.79%.
Insider Buying and Selling at Donegal Group
In related news, SVP David Wayne Sponic sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total value of $186,000.00. Following the sale, the senior vice president now owns 2,006 shares in the company, valued at approximately $31,093. This trade represents a 0.00 % 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. In other Donegal Group news, major shareholder Mutual Insurance Co Donegal purchased 4,956 shares of the firm's stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $14.15 per share, for a total transaction of $70,127.40. Following the completion of the transaction, the insider now owns 12,148,415 shares of the company's stock, valued at approximately $171,900,072.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Wayne Sponic sold 12,000 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $15.50, for a total value of $186,000.00. Following the completion of the sale, the senior vice president now owns 2,006 shares of the company's stock, valued at $31,093. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 265,250 shares of company stock worth $4,047,044 and have sold 86,000 shares worth $1,325,200. Company insiders own 5.00% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Donegal Group by 125.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider's stock valued at $147,000 after acquiring an additional 5,757 shares during the last quarter. Empowered Funds LLC boosted its stake in Donegal Group by 8.2% during the first quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider's stock valued at $1,573,000 after buying an additional 8,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in Donegal Group by 34.7% during the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider's stock valued at $16,728,000 after buying an additional 304,477 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Donegal Group during the 1st quarter valued at approximately $137,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in Donegal Group by 30.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider's stock worth $1,072,000 after acquiring an additional 17,614 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.
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