Donegal Group (NASDAQ:DGICA – Get Free Report) was upgraded by inventory analysts at StockNews.com from a “maintain” ranking to a “purchase” ranking in a report launched on Friday.
Donegal Group Buying and selling Down 1.1 %
NASDAQ:DGICA opened at $14.89 on Friday. The corporate has a fast ratio of 0.41, a present ratio of 0.41 and a debt-to-equity ratio of 0.07. The enterprise’s 50 day transferring common is $14.78 and its two-hundred day transferring common is $14.89. The corporate has a market cap of $490.18 million and a PE ratio of -1,489,000.00. Donegal Group has a 52 week low of $13.05 and a 52 week excessive of $15.76.
Donegal Group (NASDAQ:DGICA – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, April twenty seventh. The insurance coverage supplier reported $0.17 earnings per share for the quarter. Donegal Group had a damaging return on fairness of 0.01% and a web margin of 0.03%. The enterprise had income of $224.99 million for the quarter.
Insider Transactions at Donegal Group
In different Donegal Group information, main shareholder Mutual Insurance coverage Co Donegal purchased 146,427 shares of the agency’s inventory in a transaction dated Wednesday, June 14th. The inventory was acquired at a median value of $15.57 per share, with a complete worth of $2,279,868.39. Following the completion of the transaction, the insider now instantly owns 11,892,649 shares within the firm, valued at roughly $185,168,544.93. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by means of this hyperlink. In different Donegal Group information, main shareholder Mutual Insurance coverage Co Donegal purchased 146,427 shares of the agency’s inventory in a transaction dated Wednesday, June 14th. The inventory was acquired at a median value of $15.57 per share, with a complete worth of $2,279,868.39. Following the completion of the transaction, the insider now instantly owns 11,892,649 shares within the firm, valued at roughly $185,168,544.93. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by means of this hyperlink. Additionally, VP Daniel J. Wagner offered 35,000 shares of the inventory in a transaction on Wednesday, June 14th. The inventory was offered at a median value of $15.57, for a complete worth of $544,950.00. Following the sale, the vice chairman now owns 23,387 shares of the corporate’s inventory, valued at $364,135.59. The disclosure for this sale might be discovered right here. Within the final three months, insiders bought 195,127 shares of firm inventory valued at $3,009,289 and offered 120,000 shares valued at $1,868,400. Company insiders personal 6.63% of the corporate’s inventory.
Hedge Funds Weigh In On Donegal Group
A number of institutional traders have just lately purchased and offered shares of the inventory. Nice West Life Assurance Co. Can elevated its stake in shares of Donegal Group by 58.1% within the first quarter. Nice West Life Assurance Co. Can now owns 1,924 shares of the insurance coverage supplier’s inventory value $27,000 after buying a further 707 shares in the course of the interval. Ensign Peak Advisors Inc acquired a brand new stake in Donegal Group in the course of the third quarter value about $44,000. FMR LLC grew its place in Donegal Group by 15,473.7% in the course of the second quarter. FMR LLC now owns 2,959 shares of the insurance coverage supplier’s inventory value $50,000 after shopping for a further 2,940 shares within the final quarter. Tower Analysis Capital LLC TRC grew its place in Donegal Group by 838.1% in the course of the third quarter. Tower Analysis Capital LLC TRC now owns 4,625 shares of the insurance coverage supplier’s inventory value $62,000 after shopping for a further 4,132 shares within the final quarter. Lastly, BNP Paribas Arbitrage SA grew its place in Donegal Group by 55.4% in the course of the second quarter. BNP Paribas Arbitrage SA now owns 4,545 shares of the insurance coverage supplier’s inventory value $77,000 after shopping for a further 1,621 shares within the final quarter. 28.09% of the inventory is at present owned by institutional traders.
Donegal Group Firm Profile
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Donegal Group Inc, an insurance coverage holding firm, supplies private and industrial strains of property and casualty insurance coverage to companies and people. It operates by means of three segments: Funding Perform, Private Traces of Insurance coverage, and Business Traces of Insurance coverage. The corporate provides personal passenger vehicle insurance policies that present safety in opposition to legal responsibility for bodily harm and property injury arising from vehicle accidents, in addition to safety in opposition to loss from injury to vehicles; and owners insurance policies, which offer protection for injury 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 harm to different individuals or their property.
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