Teacher Retirement System of Texas Acquires 60,491 Shares of Donegal Group Inc. (NASDAQ:DGICA)

Teacher Retirement System of Texas lifted its position in shares of Donegal Group Inc. (NASDAQ:DGICA - Free Report) by 137.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,392 shares of the insurance provider's stock after buying an additional 60,491 shares during the quarter. Teacher Retirement System of Texas owned about 0.31% of Donegal Group worth $1,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Donegal Group during the fourth quarter worth approximately $128,000. Private Advisor Group LLC bought a new stake in shares of Donegal Group during the 4th quarter valued at $177,000. Inceptionr LLC acquired a new stake in shares of Donegal Group during the 4th quarter worth $218,000. Bleakley Financial Group LLC bought a new position in shares of Donegal Group in the fourth quarter worth $244,000. Finally, Martingale Asset Management L P raised its stake in Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider's stock valued at $329,000 after purchasing an additional 902 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.

Insider Buying and Selling at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal bought 12,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $16.49 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Vincent Anthony Viozzi sold 10,500 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $17.95, for a total transaction of $188,475.00. Following the transaction, the vice president now owns 9,316 shares of the company's stock, valued at $167,222.20. This trade represents a 52.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 105,908 shares of company stock valued at $1,865,086 and have sold 47,119 shares valued at $845,651. Company insiders own 6.63% of the company's stock.

Donegal Group Price Performance

Donegal Group stock traded up $0.22 during trading hours on Monday, reaching $19.63. 114,035 shares of the stock were exchanged, compared to its average volume of 75,370. The stock has a 50 day moving average of $16.57 and a two-hundred day moving average of $15.78. The company has a market cap of $699.59 million, a P/E ratio of 12.91 and a beta of -0.04. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $19.79.

Donegal Group (NASDAQ:DGICA - Get Free Report) last posted its quarterly earnings results 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. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The business had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Equities analysts expect that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

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.