Donegal Group (NASDAQ:DGICA – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 26th. Parties that wish to register for the company’s conference call can do so using this link.
Donegal Group Price Performance
Shares of NASDAQ DGICA opened at $14.35 on Thursday. Donegal Group has a twelve month low of $13.47 and a twelve month high of $15.76. The firm has a fifty day simple moving average of $14.56 and a 200 day simple moving average of $14.68. The company has a market capitalization of $475.56 million and a PE ratio of -1,435,000.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.07.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Donegal Group in a research note on Thursday, October 5th. They issued a “buy” rating for the company.
Insider Activity
In other Donegal Group news, major shareholder Mutual Insurance Co Donegal acquired 3,679 shares of Donegal Group stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $14.63 per share, for a total transaction of $53,823.77. Following the completion of the acquisition, the insider now directly owns 11,900,207 shares of the company’s stock, valued at $174,100,028.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP William Daniel Delamater sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $14.84, for a total transaction of $133,560.00. Following the transaction, the senior vice president now directly owns 512 shares in the company, valued at $7,598.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Mutual Insurance Co Donegal purchased 3,679 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $14.63 per share, for a total transaction of $53,823.77. Following the completion of the acquisition, the insider now owns 11,900,207 shares of the company’s stock, valued at approximately $174,100,028.41. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 110,819 shares of company stock worth $1,634,443 and sold 10,455 shares worth $155,368. Corporate insiders own 6.63% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGICA. Advisor Group Holdings Inc. boosted its stake in Donegal Group by 120.7% in the first quarter. Advisor Group Holdings Inc. now owns 11,521 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 6,300 shares during the last quarter. Swiss National Bank boosted its stake in Donegal Group by 10.2% in the first quarter. Swiss National Bank now owns 33,500 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Donegal Group by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 194,981 shares of the insurance provider’s stock valued at $2,615,000 after acquiring an additional 3,118 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Donegal Group in the first quarter valued at about $135,000. Finally, Great West Life Assurance Co. Can boosted its stake in Donegal Group by 58.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 707 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.
Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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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