Minerva Advisors LLC Continues to Hold Stake in Donegal Group Inc. (DGICA)
Minerva Advisors LLC held its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) during the second quarter, Holdings Channel reports. The institutional investor owned 28,162 shares of the company’s stock at the end of the second quarter. Minerva Advisors LLC’s holdings in Donegal Group were worth $464,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in DGICA. Menta Capital LLC increased its position in shares of Donegal Group by 0.9% in the first quarter. Menta Capital LLC now owns 43,585 shares of the company’s stock valued at $627,000 after buying an additional 400 shares during the last quarter. State Street Corp increased its position in shares of Donegal Group by 0.5% in the first quarter. State Street Corp now owns 149,591 shares of the company’s stock valued at $2,150,000 after buying an additional 696 shares during the last quarter. Strs Ohio acquired a new position in shares of Donegal Group during the second quarter valued at about $136,000. Finally, BB&T Securities LLC acquired a new position in shares of Donegal Group during the first quarter valued at about $453,000. 25.23% of the stock is currently owned by institutional investors.
Shares of Donegal Group Inc. (NASDAQ:DGICA) traded up 0.12% during trading on Monday, reaching $16.21. The company’s stock had a trading volume of 12,467 shares. The firm’s 50-day moving average is $16.22 and its 200 day moving average is $15.78. The company has a market cap of $431.12 million, a PE ratio of 15.80 and a beta of 0.06. Donegal Group Inc. has a 52-week low of $12.69 and a 52-week high of $16.85.
Donegal Group (NASDAQ:DGICA) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Donegal Group had a return on equity of 7.64% and a net margin of 5.14%. On average, equities research analysts predict that Donegal Group Inc. will post $1.30 EPS for the current fiscal year.
In other news, Director Barry C. Huber sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $16.01, for a total value of $48,030.00. Following the transaction, the director now owns 7,867 shares of the company’s stock, valued at $125,950.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip H. Glatfelter II sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $16.08, for a total value of $192,960.00. Following the completion of the transaction, the director now directly owns 25,011 shares in the company, valued at approximately $402,176.88. The disclosure for this sale can be found here. 10.38% of the stock is owned by company insiders.
Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in over 21 Mid-Atlantic, Midwestern, New England and Southern states. The Company has four segments, which consist of its investment function, its personal lines of insurance, its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC).
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