Donegal Group, Inc. (NASDAQ:DGICA) Director Jack Lee Hess purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $16.78 per share, for a total transaction of $33,560.00. Following the acquisition, the director now directly owns 4,489 shares in the company, valued at approximately $75,325.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Donegal Group (NASDAQ:DGICA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Donegal Group had a return on equity of 2.82% and a net margin of 2.13%. The company had revenue of $185.72 million for the quarter, compared to the consensus estimate of $187.60 million.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.27%. Donegal Group’s dividend payout ratio is currently 98.25%.

COPYRIGHT VIOLATION WARNING: “Donegal Group, Inc. (DGICA) Director Jack Lee Hess Acquires 2,000 Shares” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/donegal-group-inc-dgica-director-jack-lee-hess-acquires-2000-shares.html.

Several brokerages have commented on DGICA. TheStreet raised Donegal Group from a “c+” rating to a “b-” rating in a research report on Friday, October 20th. Zacks Investment Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub downgraded Donegal Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Donegal Group in a research report on Friday, July 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Donegal Group in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Donegal Group has a consensus rating of “Hold” and a consensus price target of $19.67.

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in shares of Donegal Group by 45.8% in the 2nd 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 during the period. Rhumbline Advisers raised its holdings in shares of Donegal Group by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock valued at $176,000 after buying an additional 40 shares during the period. Hancock Holding Co. raised its holdings in shares of Donegal Group by 4.4% in the 2nd quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock valued at $182,000 after buying an additional 480 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Donegal Group by 78.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock valued at $189,000 after buying an additional 5,203 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Donegal Group by 15.6% in the 1st quarter. Swiss National Bank now owns 15,600 shares of the insurance provider’s stock valued at $275,000 after buying an additional 2,100 shares during the period. Institutional investors own 29.48% of the company’s stock.

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.

Receive News & Ratings for Donegal Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donegal Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.