Donegal Group, Inc. (NASDAQ:DGICA) Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.17, for a total value of $91,567.61. Following the sale, the director now owns 13,562 shares in the company, valued at $232,859.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Donegal Group, Inc. (NASDAQ DGICA) opened at $17.07 on Wednesday. Donegal Group, Inc. has a twelve month low of $14.49 and a twelve month high of $18.55. The company has a market capitalization of $467.74, a P/E ratio of 37.22 and a beta of 0.28. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.17.

Donegal Group (NASDAQ:DGICA) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. equities analysts predict that Donegal Group, Inc. will post 0.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, October 31st. Donegal Group’s payout ratio is presently 98.25%.

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A number of hedge funds have recently made changes to their positions in the stock. TCW Group Inc. boosted its holdings in Donegal Group by 2.2% in the third quarter. TCW Group Inc. now owns 172,600 shares of the insurance provider’s stock valued at $2,784,000 after acquiring an additional 3,703 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Donegal Group by 22.7% in the third quarter. First Eagle Investment Management LLC now owns 62,200 shares of the insurance provider’s stock valued at $1,003,000 after acquiring an additional 11,497 shares during the last quarter. OLD Republic International Corp boosted its holdings in Donegal Group by 103.9% in the third quarter. OLD Republic International Corp now owns 477,100 shares of the insurance provider’s stock valued at $7,696,000 after acquiring an additional 243,100 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Donegal Group by 78.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 5,203 shares during the last quarter. Finally, State Street Corp boosted its holdings in Donegal Group by 0.7% in the second quarter. State Street Corp now owns 203,048 shares of the insurance provider’s stock valued at $3,230,000 after acquiring an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Several research firms have recently weighed in on DGICA. TheStreet upgraded Donegal Group from a “c+” rating to a “b-” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Donegal Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub cut Donegal Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 price target on shares of Donegal Group in a report on Friday, July 14th. Finally, Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.67.

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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