Orion Portfolio Solutions LLC Buys New Shares in Donegal Group Inc. (NASDAQ:DGICA)

Orion Portfolio Solutions LLC purchased a new stake in Donegal Group Inc. (NASDAQ:DGICA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,033 shares of the insurance provider's stock, valued at approximately $217,000.

A number of other large investors have also modified their holdings of DGICA. JPMorgan Chase & Co. raised its position in shares of Donegal Group by 109.0% in the 4th quarter. JPMorgan Chase & Co. now owns 55,942 shares of the insurance provider's stock valued at $865,000 after purchasing an additional 29,177 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Donegal Group in the fourth quarter valued at approximately $68,000. American Century Companies Inc. raised its stake in Donegal Group by 17.0% during the 4th quarter. American Century Companies Inc. now owns 26,006 shares of the insurance provider's stock valued at $402,000 after acquiring an additional 3,775 shares in the last quarter. Virtu Financial LLC acquired a new stake in Donegal Group in the fourth quarter worth about $420,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Donegal Group by 137.8% in the fourth quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider's stock valued at $1,615,000 after acquiring an additional 60,491 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.

Donegal Group Trading Up 0.9 %

DGICA stock traded up $0.17 during mid-day trading on Wednesday, reaching $18.32. 3,432 shares of the stock traded hands, compared to its average volume of 77,239. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $21.42. The stock's fifty day moving average is $17.55 and its 200-day moving average is $16.10. 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 company has a market cap of $652.91 million, a P/E ratio of 12.05 and a beta of -0.05.

Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.39. The firm had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. As a group, sell-side analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on Donegal Group from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th.

Insider Buying and Selling at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal purchased 12,000 shares of Donegal Group stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $16.49 per share, with a total value of $197,880.00. Following the completion of the transaction, the insider now directly owns 13,164,372 shares of the company's stock, valued at approximately $217,080,494.28. This represents a 0.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Albert Folmar sold 6,017 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $17.97, for a total value of $108,125.49. Following the sale, the vice president now directly owns 950 shares of the company's stock, valued at $17,071.50. The trade was a 86.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 105,908 shares of company stock valued at $1,865,086 and sold 47,119 shares valued at $845,651. Company insiders own 6.63% 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.