Donegal Group (NASDAQ:DGICA) Sets New 52-Week High - Should You Buy?

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.95 and last traded at $18.82, with a volume of 37493 shares. The stock had previously closed at $18.33.

Donegal Group Stock Up 1.3 %

The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm's fifty day simple moving average is $16.47 and its 200-day simple moving average is $15.74. The company has a market cap of $691.75 million, a PE ratio of 12.77 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA - Get Free Report) last released its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.39. The company had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. As a group, equities research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity at Donegal Group

In related news, VP Sanjay Pandey sold 5,915 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $18.01, for a total transaction of $106,529.15. Following the transaction, the vice president now directly owns 7,449 shares in the company, valued at $134,156.49. This trade represents a 44.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Wayne Sponic sold 5,537 shares of Donegal Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $18.17, for a total transaction of $100,607.29. Following the completion of the transaction, the senior vice president now directly owns 2,006 shares of the company's stock, valued at $36,449.02. This trade represents a 73.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 105,908 shares of company stock worth $1,865,086 and have sold 47,119 shares worth $845,651. Company insiders own 6.63% of the company's stock.

Institutional Trading of Donegal Group

A number of large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Donegal Group by 39.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider's stock worth $896,000 after buying an additional 17,125 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Donegal Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock valued at $5,371,000 after acquiring an additional 4,933 shares in the last quarter. SG Americas Securities LLC acquired a new position in Donegal Group in the 4th quarter worth approximately $128,000. Bleakley Financial Group LLC purchased a new position in Donegal Group during the 4th quarter worth approximately $244,000. Finally, Barclays PLC raised its position in Donegal Group by 38.7% during the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider's stock valued at $957,000 after buying an additional 18,132 shares during the period. Institutional investors and hedge funds own 27.96% of the company's stock.

Donegal Group Company Profile

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.