Donegal Group Inc. (NASDAQ:DGICA) Director Jack Lee Hess purchased 1,000 shares of Donegal Group stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average cost of $13.69 per share, with a total value of $13,690.00. Following the acquisition, the director now directly owns 15,015 shares of the company’s stock, valued at approximately $205,555.35. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Jack Lee Hess also recently made the following trade(s):

  • On Wednesday, November 21st, Jack Lee Hess purchased 500 shares of Donegal Group stock. The stock was acquired at an average cost of $13.69 per share, with a total value of $6,845.00.
  • On Thursday, November 8th, Jack Lee Hess purchased 3,000 shares of Donegal Group stock. The stock was acquired at an average cost of $13.71 per share, with a total value of $41,130.00.

NASDAQ:DGICA traded up $0.23 during trading hours on Wednesday, reaching $13.91. 878 shares of the stock were exchanged, compared to its average volume of 26,274. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.16. Donegal Group Inc. has a 52 week low of $12.74 and a 52 week high of $18.25. The company has a market cap of $385.47 million, a PE ratio of 45.73 and a beta of 0.39.

Donegal Group (NASDAQ:DGICA) last released its earnings results on Tuesday, October 30th. The insurance provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). Donegal Group had a negative return on equity of 4.19% and a negative net margin of 2.65%. The firm had revenue of $196.44 million for the quarter, compared to the consensus estimate of $195.80 million. As a group, sell-side analysts expect that Donegal Group Inc. will post -0.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, October 31st. Donegal Group’s dividend payout ratio (DPR) is 190.00%.

A number of research analysts have commented on the company. BidaskClub raised Donegal Group from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research downgraded Donegal Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. ValuEngine raised Donegal Group from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Donegal Group in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.00.

Several hedge funds and other institutional investors have recently made changes to their positions in DGICA. Ramsey Quantitative Systems lifted its holdings in shares of Donegal Group by 115.0% in the 3rd quarter. Ramsey Quantitative Systems now owns 7,720 shares of the insurance provider’s stock worth $110,000 after purchasing an additional 4,129 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Donegal Group in the 2nd quarter worth approximately $213,000. Allianz Asset Management GmbH lifted its holdings in shares of Donegal Group by 244.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 78,377 shares of the insurance provider’s stock worth $1,114,000 after purchasing an additional 55,599 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Donegal Group by 9.6% in the 2nd quarter. TCW Group Inc. now owns 180,998 shares of the insurance provider’s stock worth $2,463,000 after purchasing an additional 15,881 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Donegal Group by 8.6% in the 3rd quarter. Wells Fargo & Company MN now owns 343,983 shares of the insurance provider’s stock worth $4,889,000 after purchasing an additional 27,122 shares during the last quarter. 31.09% of the stock is currently owned by institutional investors and hedge funds.

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Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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