Minerva Advisors LLC Has $447,000 Stake in Donegal Group, Inc. (NASDAQ:DGICA)
Minerva Advisors LLC maintained its position in shares of Donegal Group, Inc. (NASDAQ:DGICA) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,162 shares of the insurance provider’s stock at the end of the second quarter. Minerva Advisors LLC’s holdings in Donegal Group were worth $447,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in DGICA. Russell Investments Group Ltd. raised its position in shares of Donegal Group by 45.8% in the second quarter. Russell Investments Group Ltd. now owns 7,636 shares of the insurance provider’s stock valued at $121,000 after buying an additional 2,400 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Donegal Group during the first quarter valued at approximately $194,000. TFS Capital LLC purchased a new position in shares of Donegal Group during the first quarter valued at approximately $238,000. Teachers Advisors LLC raised its position in shares of Donegal Group by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 13,833 shares of the insurance provider’s stock valued at $242,000 after buying an additional 1,549 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Donegal Group by 333.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,029 shares of the insurance provider’s stock valued at $247,000 after buying an additional 10,791 shares in the last quarter. Hedge funds and other institutional investors own 29.11% of the company’s stock.
Donegal Group, Inc. (NASDAQ:DGICA) opened at 15.13 on Monday. Donegal Group, Inc. has a 52 week low of $14.49 and a 52 week high of $18.55. The stock has a market cap of $412.76 million, a price-to-earnings ratio of 32.06 and a beta of 0.31. The stock’s 50 day moving average price is $15.58 and its 200 day moving average price is $16.36.
Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $182.48 million during the quarter, compared to analysts’ expectations of $185.20 million. Donegal Group had a net margin of 1.84% and a return on equity of 2.24%. On average, analysts forecast that Donegal Group, Inc. will post $0.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.56 annualized dividend and a dividend yield of 3.70%. Donegal Group’s dividend payout ratio is presently 114.29%.
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Several equities analysts have recently commented on the company. BidaskClub upgraded Donegal Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 price target on shares of Donegal Group in a research note on Friday, July 14th. Zacks Investment Research lowered Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a research note on Friday, July 14th.
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. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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