TheStreet lowered shares of Donegal Group (NASDAQ:DGICA – Get Ranking) from a b- ranking to a c+ ranking in a analysis word issued to buyers on Wednesday, TheStreetRatingsTable experiences.
Individually, StockNews.com downgraded shares of Donegal Group from a purchase ranking to a maintain ranking in a analysis word on Saturday, November fifth.
Donegal Group Buying and selling Up 2.4 %
Shares of Donegal Group inventory opened at $13.95 on Wednesday. Donegal Group has a 1 12 months low of $13.05 and a 1 12 months excessive of $17.13. The agency has a market cap of $452.93 million and a PE ratio of 1,396.40. The corporate has a debt-to-equity ratio of 0.07, a present ratio of 0.42 and a fast ratio of 0.42. The corporate has a 50 day easy transferring common of $14.71 and a two-hundred day easy transferring common of $15.10.
Donegal Group (NASDAQ:DGICA – Get Ranking) final posted its quarterly earnings outcomes on Thursday, October twenty seventh. The insurance coverage supplier reported ($0.27) EPS for the quarter. The enterprise had income of $215.20 million for the quarter. Donegal Group had a optimistic return on fairness of 1.43% and a destructive internet margin of 0.02%.
Donegal Group Proclaims Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, November fifteenth. Stockholders of report on Tuesday, November 1st had been issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized foundation and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, October thirty first. Donegal Group’s dividend payout ratio (DPR) is presently 6,606.61%.
Insider Shopping for and Promoting
In different information, main shareholder Mutual Insurance coverage Co Donegal bought 6,264 shares of the corporate’s inventory in a transaction that occurred on Tuesday, November 1st. The shares had been purchased at a mean worth of $14.74 per share, for a complete transaction of $92,331.36. Following the acquisition, the insider now immediately owns 11,325,226 shares within the firm, valued at roughly $166,933,831.24. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is offered by this hyperlink. In different Donegal Group information, Director Jon Marshall Mahan bought 3,093 shares of the corporate’s inventory in a transaction dated Tuesday, December sixth. The shares had been bought at a mean worth of $14.75, for a complete transaction of $45,621.75. Following the transaction, the director now owns 7,988 shares within the firm, valued at roughly $117,823. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is offered by this hyperlink. Additionally, main shareholder Mutual Insurance coverage Co Donegal purchased 6,264 shares of the inventory in a transaction on Tuesday, November 1st. The shares had been purchased at a mean worth of $14.74 per share, for a complete transaction of $92,331.36. Following the acquisition, the insider now immediately owns 11,325,226 shares within the firm, valued at roughly $166,933,831.24. The disclosure for this buy might be discovered right here. Within the final quarter, insiders have purchased 125,302 shares of firm inventory price $1,906,641 and have bought 107,294 shares price $1,630,171. 10.03% of the inventory is at the moment owned by firm insiders.
Institutional Buyers Weigh In On Donegal Group
Hedge funds and different institutional buyers have not too long ago made adjustments to their positions within the enterprise. Nice West Life Assurance Co. Can elevated its holdings in Donegal Group by 58.1% within the 1st quarter. Nice West Life Assurance Co. Can now owns 1,924 shares of the insurance coverage supplier’s inventory price $27,000 after buying an extra 707 shares within the final quarter. Quadrant Capital Group LLC elevated its holdings in Donegal Group by 2,703.3% within the third quarter. Quadrant Capital Group LLC now owns 2,551 shares of the insurance coverage supplier’s inventory price $34,000 after buying an extra 2,460 shares within the final quarter. FMR LLC elevated its holdings in Donegal Group by 15,473.7% within the 2nd quarter. FMR LLC now owns 2,959 shares of the insurance coverage supplier’s inventory price $50,000 after buying an extra 2,940 shares within the final quarter. Ensign Peak Advisors Inc bought a brand new stake in Donegal Group within the third quarter price roughly $44,000. Lastly, Salem Funding Counselors Inc. bought a brand new stake in Donegal Group within the third quarter price roughly $51,000. Hedge funds and different institutional buyers personal 63.74% of the corporate’s inventory.
About Donegal Group
(Get Ranking)
Donegal Group Inc, an insurance coverage holding firm, offers private and industrial traces of property and casualty insurance coverage to companies and people. It operates by three segments: Funding Operate, Private Traces of Insurance coverage, and Business Traces of Insurance coverage. The corporate affords personal passenger car insurance policies that present safety towards legal responsibility for bodily damage and property harm arising from car accidents, in addition to safety towards loss from harm to cars; and householders insurance policies, which give protection for harm to residences and their contents from a spread of perils, together with fireplace, lightning, windstorm, and theft, in addition to legal responsibility of the insured arising from damage to different individuals or their property.
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