StockNews.com started protection on shares of Donegal Group (NASDAQ:DGICA – Free Report) in a report printed on Thursday morning. The brokerage issued a purchase score on the insurance coverage supplier’s inventory.
Donegal Group Inventory Up 0.3 %
NASDAQ DGICA opened at $14.40 on Thursday. The enterprise’s fifty day shifting common worth is $14.64 and its 200-day shifting common worth is $14.72. The corporate has a debt-to-equity ratio of 0.07, a present ratio of 0.40 and a fast ratio of 0.40. Donegal Group has a 1-year low of $13.10 and a 1-year excessive of $15.76.
Donegal Group Proclaims Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, August fifteenth. Traders of report on Tuesday, August 1st have been issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, July thirty first. This represents a $0.68 dividend on an annualized foundation and a yield of 4.72%. Donegal Group’s dividend payout ratio is presently -6,800,000.00%.
Insider Shopping for and Promoting
In different Donegal Group information, main shareholder Mutual Insurance coverage Co Donegal bought 5,374 shares of the enterprise’s inventory in a transaction on Wednesday, September sixth. The inventory was acquired at a median worth of $14.55 per share, for a complete transaction of $78,191.70. Following the acquisition, the insider now owns 12,081,545 shares of the corporate’s inventory, valued at roughly $175,786,479.75. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed by way of this hyperlink. In different Donegal Group information, main shareholder Mutual Insurance coverage Co Donegal bought 5,374 shares of the enterprise’s inventory in a transaction on Wednesday, September sixth. The inventory was acquired at a median worth of $14.55 per share, for a complete transaction of $78,191.70. Following the acquisition, the insider now owns 12,081,545 shares of the corporate’s inventory, valued at roughly $175,786,479.75. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed by way of this hyperlink. Additionally, SVP William Daniel Delamater offered 9,000 shares of the inventory in a transaction on Wednesday, August 2nd. The inventory was offered at a median worth of $14.84, for a complete worth of $133,560.00. Following the completion of the sale, the senior vp now owns 512 shares of the corporate’s inventory, valued at roughly $7,598.08. The disclosure for this sale may be discovered right here. Within the final three months, insiders have bought 110,819 shares of firm inventory valued at $1,634,443 and have offered 10,455 shares valued at $155,368. 6.63% of the inventory is owned by insiders.
Institutional Inflows and Outflows
A lot of institutional buyers have not too long ago made adjustments to their positions in DGICA. Advisor Group Holdings Inc. lifted its holdings in shares of Donegal Group by 120.7% within the 1st quarter. Advisor Group Holdings Inc. now owns 11,521 shares of the insurance coverage supplier’s inventory valued at $155,000 after buying an extra 6,300 shares over the last quarter. Swiss Nationwide Financial institution lifted its holdings in shares of Donegal Group by 10.2% within the 1st quarter. Swiss Nationwide Financial institution now owns 33,500 shares of the insurance coverage supplier’s inventory valued at $449,000 after buying an extra 3,100 shares over the last quarter. Financial institution of New York Mellon Corp lifted its stake in Donegal Group by 1.6% within the first quarter. Financial institution of New York Mellon Corp now owns 194,981 shares of the insurance coverage supplier’s inventory value $2,615,000 after buying an extra 3,118 shares over the last quarter. D.A. Davidson & CO. purchased a brand new stake in Donegal Group within the first quarter value about $135,000. Lastly, Nice West Life Assurance Co. Can lifted its stake in 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 an extra 707 shares over the last quarter. Hedge funds and different institutional buyers personal 27.94% of the corporate’s inventory.
About Donegal Group
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Donegal Group Inc, an insurance coverage holding firm, offers private and business strains of property and casualty insurance coverage to companies and people. It operates by way of three segments: Funding Operate, Private Traces of Insurance coverage, and Business Traces of Insurance coverage. The corporate presents personal passenger car insurance policies that present safety in opposition to legal responsibility for bodily damage and property harm arising from car accidents, in addition to safety in opposition to loss from harm to cars; and householders insurance policies, which offer protection for harm to residences and their contents from a spread of perils, together with hearth, 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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