Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.14 and traded as high as $15.23. Donegal Group shares last traded at $15.20, with a volume of 40,375 shares traded.
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.
View Our Latest Stock Report on DGICA
Donegal Group Price Performance
The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $15.17 and a 200 day moving average price of $15.14. The stock has a market capitalization of $515.56 million, a price-to-earnings ratio of 20.01 and a beta of -0.02.
Donegal Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.1725 per share. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.54%. Donegal Group's dividend payout ratio (DPR) is 90.79%.
Insiders Place Their Bets
In other Donegal Group news, VP Vincent Anthony Viozzi sold 30,000 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $16.67, for a total value of $500,100.00. Following the transaction, the vice president now owns 9,891 shares in the company, valued at approximately $164,882.97. This trade represents a 75.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sanjay Pandey sold 3,766 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $16.50, for a total transaction of $62,139.00. Following the sale, the vice president now directly owns 6,871 shares of the company's stock, valued at $113,371.50. The trade was a 35.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 437,470 shares of company stock worth $7,240,492 and sold 289,064 shares worth $4,799,023. 6.63% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Donegal Group
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Donegal Group by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,804,968 shares of the insurance provider's stock valued at $27,923,000 after buying an additional 27,213 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Donegal Group by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider's stock valued at $6,638,000 after purchasing an additional 97,795 shares during the period. Geode Capital Management LLC increased its position in Donegal Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock worth $5,371,000 after purchasing an additional 4,933 shares during the last quarter. Foundry Partners LLC raised its stake in Donegal Group by 1.0% during the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider's stock worth $3,605,000 after purchasing an additional 2,310 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Donegal Group by 124.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider's stock valued at $3,647,000 after purchasing an additional 130,489 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.
About Donegal Group
(
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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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