Jump Financial LLC Invests $269,000 in Donegal Group Inc. (NASDAQ:DGICA)

Jump Financial LLC purchased a new stake in Donegal Group Inc. (NASDAQ:DGICA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,419 shares of the insurance provider's stock, valued at approximately $269,000. Jump Financial LLC owned 0.05% of Donegal Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. XTX Topco Ltd bought a new position in Donegal Group during the fourth quarter worth about $162,000. Barclays PLC lifted its holdings in shares of Donegal Group by 8.1% during the 4th quarter. Barclays PLC now owns 70,237 shares of the insurance provider's stock valued at $1,087,000 after purchasing an additional 5,285 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of Donegal Group in the 4th quarter valued at approximately $195,000. Martingale Asset Management L P grew its position in shares of Donegal Group by 22.4% in the 4th quarter. Martingale Asset Management L P now owns 27,353 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 5,000 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Donegal Group by 29.5% during the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider's stock worth $6,638,000 after purchasing an additional 97,795 shares in the last quarter. Institutional investors own 27.96% of the company's stock.

Insider Buying and Selling

In related news, VP Vincent Anthony Viozzi sold 10,500 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $17.95, for a total transaction of $188,475.00. Following the transaction, the vice president now directly owns 9,316 shares in the company, valued at approximately $167,222.20. The trade was a 52.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mutual Insurance Co Donegal purchased 12,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $16.49 per share, with a total value of $197,880.00. Following the purchase, the insider now owns 13,164,372 shares of the company's stock, valued at approximately $217,080,494.28. The trade was a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 105,908 shares of company stock worth $1,865,086 and sold 47,119 shares worth $845,651. 6.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on shares of Donegal Group from $17.00 to $18.00 and gave the company a "market perform" rating in a report on Friday.

Donegal Group Stock Performance

DGICA opened at $19.16 on Friday. The company has a market capitalization of $682.84 million, a price-to-earnings ratio of 12.61 and a beta of -0.05. The business's 50-day moving average price is $18.09 and its two-hundred day moving average price is $16.32. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $20.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38.

Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.38. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The business had revenue of $245.57 million for the quarter, compared to analyst estimates of $248.73 million. Equities analysts expect that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.1825 per share. This is a boost from Donegal Group's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.73 annualized dividend and a yield of 3.81%. Donegal Group's dividend payout ratio is presently 48.03%.

Donegal Group 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.

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